Deutsche Börse (OTCMKTS:DBOEY) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

Deutsche Börse AG (OTCMKTS:DBOEY)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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.

Analyst Upgrades and Downgrades

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

Deutsche Börse Stock Performance

The firm has a market capitalization of $43.57 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 3.06 and a beta of 0.86. The firm has a fifty day moving average price of $23.04 and a 200 day moving average price of $22.03.

Deutsche Börse (OTCMKTS:DBOEY) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.29 earnings per share (EPS) for the quarter. The firm 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%. Research analysts predict that Deutsche Börse AG will post 1.18 earnings per share for the current fiscal year.

About Deutsche Börse

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.