Porsche Automobil (OTCMKTS:POAHY) Hits New 1-Year Low – What’s Next?

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) reached a new 52-week low on Wednesday . The stock traded as low as $3.34 and last traded at $3.34, with a volume of 763433 shares changing hands. The stock had previously closed at $3.38.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on POAHY. UBS Group upgraded Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. The Goldman Sachs Group raised shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 11th. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Porsche Automobil currently has a consensus rating of “Strong Buy”.

Porsche Automobil Trading Down 1.2%

The business has a 50 day moving average price of $3.63 and a 200 day moving average price of $3.99. The company has a debt-to-equity ratio of 0.18, a quick ratio of 9.94 and a current ratio of 9.94.

Porsche Automobil Company Profile

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.