Volkswagen (OTCMKTS:VWAGY) Sets New 12-Month Low – What’s Next?

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $8.98 and last traded at $9.01, with a volume of 471884 shares changing hands. The stock had previously closed at $9.29.

Wall Street Analysts Forecast Growth

Separately, Citigroup reissued a “buy” rating on shares of Volkswagen in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Volkswagen presently has a consensus rating of “Moderate Buy”.

Volkswagen Trading Down 3.0%

The company has a market cap of $45.17 billion, a price-to-earnings ratio of 6.39, a P/E/G ratio of 0.25 and a beta of 1.03. The stock’s 50 day moving average price is $10.43 and its 200 day moving average price is $11.20.

Volkswagen (OTCMKTS:VWAGY) last released its earnings results on Thursday, April 30th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.11). Volkswagen had a return on equity of 3.18% and a net margin of 1.96%.The company had revenue of $88.75 billion during the quarter, compared to analyst estimates of $91.84 billion. On average, equities analysts expect that Volkswagen AG Unsponsored ADR will post 2.23 earnings per share for the current fiscal year.

About Volkswagen

Volkswagen AG is one of the world’s largest integrated automakers, headquartered in Wolfsburg, Germany. Founded in 1937 to produce a mass-market “people’s car,” the company expanded through the post-war period into a global automotive group. Volkswagen’s operations encompass the design, engineering, manufacture and distribution of a broad range of passenger cars and light commercial vehicles, and the company’s consolidated brand portfolio includes Volkswagen Passenger Cars, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and other marques operated across its group structure.

In addition to vehicle production, Volkswagen provides a range of automotive-related products and services, including powertrain technologies, component manufacturing, mobility services and vehicle financing and leasing through its Volkswagen Financial Services unit.