Vonovia (OTCMKTS:VONOY) Reaches New 52-Week Low – Here’s What Happened

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $9.71 and last traded at $10.02, with a volume of 1678 shares trading hands. The stock had previously closed at $10.11.

Wall Street Analysts Forecast Growth

VONOY has been the subject of several research reports. Zacks Research raised Vonovia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Deutsche Bank Aktiengesellschaft raised shares of Vonovia from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Finally, The Goldman Sachs Group cut shares of Vonovia from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Vonovia Trading Down 1.4%

The firm has a market capitalization of $16.92 billion, a price-to-earnings ratio of 3.45 and a beta of 1.22. The stock has a fifty day moving average price of $11.50 and a 200-day moving average price of $12.38.

Vonovia (OTCMKTS:VONOY) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.24. Vonovia had a return on equity of 15.40% and a net margin of 61.85%.The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.01 billion. On average, equities analysts expect that Vonovia SE Unsponsored ADR will post 0.97 EPS for the current year.

About Vonovia

Vonovia SE is a German residential real estate company headquartered in Bochum. The company owns, manages and develops residential properties, with a focus on providing housing and related services to tenants. Its activities include property management, maintenance, modernization, energy services and the development of new residential buildings.

Vonovia’s portfolio is concentrated in Germany, with additional operations in Austria and Sweden. Through its local platforms and service businesses, the company provides tenant support, building maintenance, technical services and measures designed to improve the energy efficiency and quality of its properties.

The company traces its roots to Deutsche Annington, which acquired GAGFAH in 2015 and subsequently adopted the Vonovia name.