Porsche Automobil (OTCMKTS:POAHY) Shares Gap Up – Still a Buy?

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $2.69, but opened at $2.79. Porsche Automobil shares last traded at $2.77, with a volume of 20,004 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 11th. Kepler Capital Markets lowered Porsche Automobil from a “hold” rating to a “reduce” rating in a report on Monday, September 21st. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Porsche Automobil presently has an average rating of “Buy”.

Porsche Automobil Stock Up 1.9%

The company’s fifty day moving average is $3.15 and its 200-day moving average is $3.37.

About Porsche Automobil

Porsche Automobil Holding SE, also known as Porsche SE, is a Germany-based holding company headquartered in Stuttgart. Unlike Porsche AG, the sports-car manufacturer, Porsche SE primarily manages and develops long-term investments rather than designing or selling vehicles directly.

The company’s principal investment is a controlling interest in Volkswagen AG, one of the world’s largest automotive groups. Through Volkswagen, Porsche SE has indirect exposure to brands and businesses that manufacture passenger cars, commercial vehicles, sports cars, and mobility-related products and services.