Volkswagen (OTCMKTS:VWAGY) Sets New 52-Week Low – Should You Sell?

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $8.06 and last traded at $8.06, with a volume of 183841 shares traded. The stock had previously closed at $8.25.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Zacks Research downgraded shares of Volkswagen from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Volkswagen in a report on Monday, July 27th. Kepler Capital Markets downgraded Volkswagen from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Citigroup restated a “buy” rating on shares of Volkswagen in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Volkswagen Stock Down 2.5%

The stock’s 50 day moving average price is $8.82 and its two-hundred day moving average price is $9.63. The firm has a market capitalization of $40.33 billion, a price-to-earnings ratio of 6.59, a P/E/G ratio of 0.37 and a beta of 1.07.

Volkswagen (OTCMKTS:VWAGY) last issued its quarterly earnings data on Friday, July 24th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.27). The business had revenue of $93.81 billion for the quarter, compared to the consensus estimate of $92.92 billion. Volkswagen had a net margin of 1.68% and a return on equity of 2.70%. On average, equities analysts expect that Volkswagen AG Unsponsored ADR will post 1.79 EPS for the current fiscal year.

About Volkswagen

Volkswagen AG is a German automotive company headquartered in Wolfsburg, Germany. Through its Volkswagen Group operations, the company develops, manufactures and sells passenger cars, commercial vehicles, trucks, buses, motorcycles and related mobility products. Its portfolio includes vehicles powered by internal combustion engines, hybrids and batteries, along with digital services and charging solutions.

The group’s major automotive brands include Volkswagen Passenger Cars, Audi, Škoda, SEAT, CUPRA, Porsche, Bentley, Lamborghini, Ducati and Volkswagen Commercial Vehicles.