Porsche Automobil (OTCMKTS:POAHY) Sees Large Volume Increase – Still a Buy?

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) saw unusually-high trading volume on Monday . Approximately 300,280 shares traded hands during mid-day trading, a decline of 10% from the previous session’s volume of 334,043 shares.The stock last traded at $3.08 and had previously closed at $3.07.

Analyst Ratings Changes

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

Porsche Automobil Stock Performance

The company has a quick ratio of 9.94, a current ratio of 9.94 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $3.42 and a 200 day moving average of $3.79.

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.