Porsche Automobil (OTCMKTS:POAHY) Reaches New 12-Month Low – Here’s What Happened

Shares of Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $3.01 and last traded at $3.0150, with a volume of 20613 shares trading hands. The stock had previously closed at $3.07.

Analyst Upgrades and Downgrades

POAHY has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 11th. UBS Group upgraded Porsche Automobil from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Porsche Automobil has an average rating of “Strong Buy”.

Porsche Automobil Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 9.94 and a current ratio of 9.94. The firm’s 50-day moving average is $3.36 and its 200-day moving average is $3.74.

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.