Deutsche Boerse (OTCMKTS:DBOEY) Stock Passes Above 50 Day Moving Average – What’s Next?

Deutsche Boerse AG (OTCMKTS:DBOEY)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $28.71 and traded as high as $30.37. Deutsche Boerse shares last traded at $30.12, with a volume of 120,269 shares changing hands.

Wall Street Analysts Forecast Growth

DBOEY has been the subject of several research reports. Oddo Bhf upgraded shares of Deutsche Boerse to an “outperform” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Deutsche Boerse in a research note on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Deutsche Boerse has an average rating of “Hold”.

Deutsche Boerse Stock Down 0.7%

The company has a fifty day simple moving average of $28.71 and a 200 day simple moving average of $28.05. The firm has a market capitalization of $54.25 billion, a P/E ratio of 22.15, a P/E/G ratio of 1.81 and a beta of 0.44.

Deutsche Boerse (OTCMKTS:DBOEY) last issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.82 billion. Deutsche Boerse had a return on equity of 20.09% and a net margin of 33.04%. As a group, equities analysts expect that Deutsche Boerse AG will post 1.43 earnings per share for the current fiscal year.

Deutsche Boerse Company Profile

Deutsche Börse AG is a Germany?based provider of marketplace infrastructure, trading technology and post?trade services to the global financial industry. The company operates electronic trading platforms and derivatives markets, offers clearing and settlement services, and supplies market data, analytics and index products to investment banks, brokers, asset managers and listed companies.

Key businesses within the group include electronic equity trading via the Xetra trading system, derivatives trading through the Eurex exchange, and post?trade and custody services provided by Clearstream.