E.On (OTCMKTS:EONGY) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

E.On Se (OTCMKTS:EONGY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.00 and traded as high as $14.48. E.On shares last traded at $14.48, with a volume of 62,106 shares traded.

Analysts Set New Price Targets

Separately, Morgan Stanley raised shares of E.On from an "equal weight" rating to an "overweight" rating in a report on Thursday, December 5th.

E.On Price Performance

The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $39.20 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 6.32 and a beta of 0.82. The stock's 50-day simple moving average is $12.86 and its two-hundred day simple moving average is $12.99.

About E.On

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.