Porsche Automobil (ETR:PAH3) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Shares of Porsche Automobil Holding SE (ETR:PAH3 – Get Free Report) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of €26.43 and traded as high as €27.19. Porsche Automobil shares last traded at €26.50, with a volume of 678,134 shares changing hands.

Porsche Automobil Trading Down 1.4%

The company has a quick ratio of 0.08, a current ratio of 13.73 and a debt-to-equity ratio of 19.31. The company’s 50-day simple moving average is €26.43 and its 200 day simple moving average is €30.25. The firm has a market capitalization of $8.34 billion, a PE ratio of 2.20, a price-to-earnings-growth ratio of 2.65 and a beta of 0.99.

Porsche Automobil Company Profile

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Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates in two segments, Core Investments and Portfolio Investments. The company is involved in investments in the areas of mobility and industrial technology. It offers its products under the Volkswagen, Audi, SEAT, KODA, Bentley, Lamborghini, and Porsche brand names. The company was formerly known as Dr. Ing. h.c. F. Porsche Aktiengesellschaft and changed its name to Porsche Automobil Holding SE in November 2007.

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