Volkswagen (OTCMKTS:VWAGY) Sees Large Volume Increase – Time to Buy?

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) shares saw an uptick in trading volume on Monday. 258,758 shares were traded during trading, a decline of 0% from the previous session’s volume of 259,661 shares. The stock last traded at $7.6050 and had previously closed at $7.63.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on VWAGY shares. Citigroup restated a “buy” rating on shares of Volkswagen in a research report on Tuesday, September 8th. Kepler Capital Markets downgraded shares of Volkswagen from a “buy” rating to a “hold” rating in a research report on Monday, September 21st. Zacks Research upgraded shares of Volkswagen from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Volkswagen in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Volkswagen Stock Performance

The firm has a market cap of $38.50 billion, a P/E ratio of 6.20, a P/E/G ratio of 0.33 and a beta of 1.08. The firm has a fifty day moving average of $8.60 and a 200-day moving average of $9.38.

Volkswagen (OTCMKTS:VWAGY) last released its quarterly earnings data on Friday, July 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The company had revenue of $93.81 billion for the quarter, compared to analyst estimates of $92.92 billion. Volkswagen had a net margin of 1.68% and a return on equity of 2.70%. Equities research analysts expect that Volkswagen AG Unsponsored ADR will post 1.77 earnings per share for the current year.

Volkswagen Company Profile

Volkswagen AG is a Germany-based automotive company headquartered in Wolfsburg. Founded in 1937, the company has developed into one of the world’s largest vehicle manufacturers and is listed in the United States through American depositary receipts under the symbol VWAGY.

The Volkswagen Group develops, manufactures and sells passenger cars, commercial vehicles, trucks and motorcycles. Its portfolio includes the Volkswagen, Audi, Škoda, SEAT, CUPRA, Porsche, Bentley, Lamborghini and Ducati brands, as well as Volkswagen Commercial Vehicles and the MAN and Scania truck businesses.