Deutsche Börse (OTCMKTS:DBOEY) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Deutsche Börse AG (OTCMKTS:DBOEY)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $23.05 and traded as low as $22.56. Deutsche Börse shares last traded at $23.14, with a volume of 47,060 shares traded.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of Deutsche Börse to a “hold” rating in a research note on Friday, October 4th.

Deutsche Börse Stock Down 0.4 %

The stock has a market capitalization of $43.57 billion, a P/E ratio of 21.23, a P/E/G ratio of 3.06 and a beta of 0.86. The firm’s 50 day simple moving average is $23.05 and its two-hundred day simple moving average is $22.01.

Deutsche Börse (OTCMKTS:DBOEY) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.29 EPS for the quarter. The business had revenue of $1.88 billion during the quarter. Deutsche Börse had a return on equity of 19.29% and a net margin of 26.71%. As a group, equities research analysts expect that Deutsche Börse AG will post 1.18 earnings per share for the current year.

Deutsche Börse Company Profile

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.