Deutsche Boerse (OTCMKTS:DBOEY) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of Deutsche Boerse AG (OTCMKTS:DBOEY) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $29.20 and traded as high as $31.6470. Deutsche Boerse shares last traded at $31.51, with a volume of 130,485 shares trading hands.

Analyst Ratings Changes

DBOEY has been the subject of several analyst reports. Oddo Bhf raised shares of Deutsche Boerse to an “outperform” rating in a report 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 issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Deutsche Boerse currently has a consensus rating of “Hold”.

Deutsche Boerse Trading Up 0.1%

The company has a 50 day simple moving average of $29.20 and a two-hundred day simple moving average of $28.50. The firm has a market capitalization of $56.75 billion, a P/E ratio of 23.17, a P/E/G ratio of 1.89 and a beta of 0.43.

Deutsche Boerse (OTCMKTS:DBOEY) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Deutsche Boerse had a net margin of 33.04% and a return on equity of 20.33%. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.82 billion. On average, sell-side analysts expect that Deutsche Boerse AG will post 1.43 EPS for the current fiscal year.

About Deutsche Boerse

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.