OMV (OTCMKTS:OMVKY) Shares Gap Down – Here’s Why

OMV AG (OTCMKTS:OMVKY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $18.51, but opened at $17.77. OMV shares last traded at $17.79, with a volume of 5,467 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research downgraded OMV from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Three investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Sell”.

OMV Trading Down 2.7%

The company’s 50-day moving average is $17.30 and its 200 day moving average is $16.80. The company has a current ratio of 1.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. The firm has a market cap of $23.24 billion, a PE ratio of 2.11 and a beta of -0.07.

About OMV

OMV AG is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV’s business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.

In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments.