RWE (OTCMKTS:RWEOY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of RWE AG (OTCMKTS:RWEOY) saw unusually-strong trading volume on Monday . Approximately 195,429 shares were traded during mid-day trading, an increase of 78% from the previous session’s volume of 109,603 shares.The stock last traded at $67.6750 and had previously closed at $66.12.

Wall Street Analyst Weigh In

A number of analysts have commented on RWEOY shares. Zacks Research upgraded shares of RWE from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Citigroup reiterated a “neutral” rating on shares of RWE in a report on Wednesday, February 11th. Sanford C. Bernstein lowered shares of RWE from an “outperform” rating to a “hold” rating in a report on Friday, February 13th. Finally, Kepler Capital Markets raised shares of RWE from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $53.30.

RWE Price Performance

The company has a market capitalization of $51.17 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 1.97 and a beta of 0.64. The business’s 50-day moving average is $64.87 and its two-hundred day moving average is $57.35. The company has a quick ratio of 1.43, a current ratio of 1.50 and a debt-to-equity ratio of 0.37.

RWE (OTCMKTS:RWEOY) last issued its quarterly earnings data on Thursday, March 12th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.25. RWE had a net margin of 17.96% and a return on equity of 4.79%. The business had revenue of $18.29 billion during the quarter, compared to the consensus estimate of $18.29 billion. As a group, analysts predict that RWE AG will post 3.15 earnings per share for the current year.

About RWE

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak?load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.