Porsche Automobil (OTCMKTS:POAHY) Reaches New 52-Week Low – Here’s What Happened

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $3.34 and last traded at $3.34, with a volume of 763433 shares traded. The stock had previously closed at $3.38.

Analyst Ratings Changes

A number of brokerages recently weighed in on POAHY. The Goldman Sachs Group upgraded shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 11th. UBS Group upgraded shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Two research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Porsche Automobil Stock Up 1.2%

The company has a quick ratio of 9.94, a current ratio of 9.94 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $3.62 and its 200-day moving average is $3.97.

Porsche Automobil Company Profile

Porsche Automobil Holding SE, trading in the United States as an OTC ADR under the symbol POAHY, is a German publicly traded holding company whose principal business activity is managing long-term equity investments in the global automotive sector. The company’s core asset is a majority economic interest and significant voting control in Volkswagen AG, one of the world’s leading automotive manufacturers. Through this stake, Porsche Automobil takes an active governance role across Volkswagen’s portfolio of brands, including Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini and Porsche AG.