Deutsche Börse (OTCMKTS:DBOEY) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Deutsche Börse AG (OTCMKTS:DBOEY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.16 and traded as high as $22.98. Deutsche Börse shares last traded at $22.85, with a volume of 99,509 shares traded.

Analysts Set New Price Targets

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

Deutsche Börse Stock Down 0.0 %

The stock has a 50 day moving average price of $23.01 and a 200 day moving average price of $22.18. The stock has a market capitalization of $43.01 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 3.06 and a beta of 0.86.

Deutsche Börse (OTCMKTS:DBOEY) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.29 earnings per share (EPS) for the quarter. Deutsche Börse had a net margin of 26.71% and a return on equity of 19.29%. The firm had revenue of $1.88 billion during the quarter. Sell-side analysts forecast 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.