Porsche Automobil (ETR:PAH3) Stock Passes Above 50 Day Moving Average – Here’s What Happened

Porsche Automobil Holding SE (ETR:PAH3Get Free Report)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of €31.89 and traded as high as €32.39. Porsche Automobil shares last traded at €32.29, with a volume of 445,892 shares.

Porsche Automobil Stock Performance

The firm has a market capitalization of $10.35 billion, a P/E ratio of 2.72, a price-to-earnings-growth ratio of 2.65 and a beta of 0.94. The company has a 50-day moving average price of €31.89 and a 200-day moving average price of €35.34.

About Porsche Automobil

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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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