Deutsche Boerse (OTCMKTS:DBOEY) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

by · The Markets Daily

Deutsche Boerse AG (OTCMKTS:DBOEY – Get Free Report)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $30.15 and traded as low as $28.90. Deutsche Boerse shares last traded at $29.04, with a volume of 151,313 shares.

Wall Street Analyst Weigh In

A number of research firms have commented on DBOEY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Deutsche Boerse in a research note on Friday, July 11th. UBS Group cut Deutsche Boerse from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 11th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

View Our Latest Report on Deutsche Boerse

Deutsche Boerse Stock Up 0.9%

The firm has a 50 day simple moving average of $30.15 and a two-hundred day simple moving average of $30.36. The stock has a market capitalization of $54.67 billion, a P/E ratio of 24.82, a PEG ratio of 5.14 and a beta of 0.68.

Deutsche Boerse (OTCMKTS:DBOEY – Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. Deutsche Boerse had a return on equity of 19.15% and a net margin of 30.17%.The company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $1.52 billion. On average, research analysts predict that Deutsche Boerse AG will post 1.12 earnings per share for the current year.

About Deutsche Boerse

(Get Free Report)

Deutsche Börse AG operates as an exchange organization in Europe, America, and the Asia-Pacific. The company operates through four segments: Data & Analytics; Trading & Clearing; Fund Services; and Securities Services. It engages in the trading of derivatives, electricity and gas products, emission rights, foreign exchange, and commodity products; operating EEX and 360T over the counter trading platform for financial instruments, such as foreign exchange, money market, and interest rate products; and operating as a central counterparty.

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