E.On (OTCMKTS:EONGY) Shares Cross Below 50 Day Moving Average - Here's Why

E.On Se (OTCMKTS:EONGY - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $14.36 and traded as low as $14.11. E.On shares last traded at $14.20, with a volume of 44,798 shares trading hands.

Wall Street Analyst Weigh In

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

E.On Stock Performance

The firm has a 50 day moving average of $14.36 and a 200-day moving average of $13.81. The stock has a market capitalization of $37.69 billion, a PE ratio of 9.74, a P/E/G ratio of 6.88 and a beta of 0.78. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.81 and a current ratio of 0.86.

E.On (OTCMKTS:EONGY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The utilities provider reported $0.29 earnings per share (EPS) for the quarter. E.On had a return on equity of 8.31% and a net margin of 2.18%. The firm had revenue of $18.17 billion during the quarter. Research analysts forecast that E.On Se will post 1.23 earnings per share 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.