Porsche Automobil (OTCMKTS:POAHY) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $4.41 and traded as low as $4.1525. Porsche Automobil shares last traded at $4.18, with a volume of 124,110 shares changing hands.

Analyst Ratings Changes

POAHY has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised Porsche Automobil to a “hold” rating in a research report on Monday, November 24th. UBS Group raised Porsche Automobil from a “sell” rating to a “neutral” rating in a report on Tuesday, November 4th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Porsche Automobil Trading Down 0.6%

The firm has a 50-day simple moving average of $4.41 and a two-hundred day simple moving average of $4.22.

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.