Volkswagen (OTCMKTS:VWAGY) Sees Large Volume Increase – Here’s Why

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) shares saw unusually-high trading volume on Tuesday . Approximately 263,927 shares changed hands during mid-day trading, an increase of 185% from the previous session’s volume of 92,543 shares.The stock last traded at $11.40 and had previously closed at $11.69.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Hsbc Global Res upgraded shares of Volkswagen to a “strong-buy” rating in a report on Tuesday, January 13th. Citigroup restated a “buy” rating on shares of Volkswagen in a research note on Friday. Zacks Research downgraded Volkswagen from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. HSBC reiterated a “buy” rating on shares of Volkswagen in a report on Tuesday, January 13th. Finally, The Goldman Sachs Group initiated coverage on shares of Volkswagen in a research note on Sunday, November 23rd. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Volkswagen Stock Down 2.5%

The firm has a market capitalization of $57.15 billion, a P/E ratio of 7.97, a PEG ratio of 1.01 and a beta of 1.15. The business has a 50-day moving average price of $11.96 and a 200-day moving average price of $11.47.

Volkswagen (OTCMKTS:VWAGY) last posted its quarterly earnings results on Thursday, October 30th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.12). Volkswagen had a return on equity of 3.26% and a net margin of 1.99%.The business had revenue of $93.67 billion for the quarter, compared to analyst estimates of $78.07 billion. As a group, sell-side analysts forecast that Volkswagen AG Unsponsored ADR will post 2.53 EPS for the current year.

Volkswagen Company Profile

Volkswagen AG is one of the world’s largest integrated automakers, headquartered in Wolfsburg, Germany. Founded in 1937 to produce a mass-market “people’s car,” the company expanded through the post-war period into a global automotive group. Volkswagen’s operations encompass the design, engineering, manufacture and distribution of a broad range of passenger cars and light commercial vehicles, and the company’s consolidated brand portfolio includes Volkswagen Passenger Cars, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and other marques operated across its group structure.

In addition to vehicle production, Volkswagen provides a range of automotive-related products and services, including powertrain technologies, component manufacturing, mobility services and vehicle financing and leasing through its Volkswagen Financial Services unit.