E.On (OTCMKTS:EONGY) Shares Pass Below 50 Day Moving Average – What’s Next?

Shares of E.On Se (OTCMKTS:EONGY) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.42 and traded as low as $13.33. E.On shares last traded at $13.50, with a volume of 56,649 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Barclays raised E.On to a “strong-buy” rating in a research report on Friday, September 27th.

E.On Stock Down 0.6 %

The business’s 50-day moving average price is $14.42 and its 200 day moving average price is $13.83. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.86 and a quick ratio of 0.81.

E.On (OTCMKTS:EONGY) last announced its quarterly earnings results on Wednesday, August 14th. The utilities provider reported $0.29 earnings per share for the quarter. The firm had revenue of $18.17 billion for the quarter. E.On had a return on equity of 8.31% and a net margin of 2.18%. On average, research analysts forecast that E.On Se will post 1.22 earnings per share for the current fiscal year.

E.On Company Profile

E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment operates power and gas distribution networks, as well as provides maintenance, repairs, and related services.