Porsche Automobil (OTCMKTS:POAHY) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHYGet Free Report)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.73 and traded as low as $3.6650. Porsche Automobil shares last traded at $3.70, with a volume of 169,343 shares trading hands.

Porsche Automobil Price Performance

The company has a current ratio of 9.94, a quick ratio of 9.94 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average is $3.73 and its two-hundred day moving average is $4.11.

About Porsche Automobil

(Get Free Report)

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.

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