E.On (OTCMKTS:EONGY) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Shares of E.On Se (OTCMKTS:EONGY) passed 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.

Wall Street Analysts Forecast Growth

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

E.On Trading Down 0.6 %

The company has a current ratio of 0.86, a quick ratio of 0.81 and a debt-to-equity ratio of 1.49. The business’s 50-day simple moving average is $14.41 and its 200 day simple moving average is $13.84.

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