Porsche Automobil (POAHY) Set to Release Earnings on Tuesday

Porsche Automobil (OTCMKTS:POAHY) is expected to be releasing its resultson Tuesday, November 10th. Analysts expect the company to post earnings of $2.55 per share for the quarter.

Porsche Automobil Trading Down 0.5%

POAHY traded down $0.01 during trading on Tuesday, hitting $2.83. The company’s stock had a trading volume of 133,672 shares, compared to its average volume of 391,102. The firm’s 50 day moving average price is $2.97 and its 200-day moving average price is $3.47. Porsche Automobil has a twelve month low of $2.66 and a twelve month high of $4.79.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets lowered Porsche Automobil from a “hold” rating to a “reduce” rating in a research note on Monday, September 21st. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Porsche Automobil Company Profile

Porsche Automobil Holding SE is a German investment holding company based in Stuttgart. Unlike Porsche AG, which develops and manufactures sports cars, Porsche SE primarily manages long-term investments in companies operating in the automotive and mobility sectors.

The company’s principal investments include significant holdings in Volkswagen AG and Porsche AG. Through these investments, Porsche SE has indirect exposure to passenger cars, commercial vehicles, sports cars, automotive financing, mobility services and related technologies.