Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY – Get Free Report) gapped down before the market opened on Wednesday. The stock had previously closed at $2.89, but opened at $2.76. Porsche Automobil shares last traded at $2.76, with a volume of 6,427 shares traded.
Wall Street Analysts Forecast Growth
Separately, Kepler Capital Markets lowered shares of Porsche Automobil from a “hold” rating to a “reduce” rating in a research note on Monday, September 21st. Two analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.
Check Out Our Latest Stock Analysis on POAHY
Porsche Automobil Stock Performance
The firm’s 50 day moving average price is $2.93 and its two-hundred day moving average price is $3.43.
Porsche Automobil Company Profile
Porsche Automobil Holding SE, commonly known as Porsche SE, is a Stuttgart-based investment holding company. It manages investments in automotive and mobility businesses as well as other technology-focused companies; it is not the manufacturer of Porsche vehicles. Porsche SE is a major shareholder in Volkswagen AG and owns a direct stake in Dr. Ing. h.c. F. Porsche AG, the maker of Porsche sports cars and SUVs. Through these holdings and its broader investment activities, the company has exposure to automotive markets around the world.
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