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

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $3.06 and last traded at $3.07, with a volume of 926654 shares. The stock had previously closed at $3.25.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on POAHY. UBS Group raised Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. The Goldman Sachs Group upgraded Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 11th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Porsche Automobil presently has a consensus rating of “Strong Buy”.

Porsche Automobil Stock Up 1.2%

The stock has a fifty day simple moving average of $3.56 and a two-hundred day simple moving average of $3.92. The company has a quick ratio of 9.94, a current ratio of 9.94 and a debt-to-equity ratio of 0.18.

About Porsche Automobil

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.