Porsche Automobil (OTCMKTS:POAHY) Reaches New 12-Month Low – Time to Sell?

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $3.06 and last traded at $3.07, with a volume of 926654 shares changing hands. The stock had previously closed at $3.25.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. UBS Group raised shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a 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 report on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, Porsche Automobil has a consensus rating of “Strong Buy”.

Porsche Automobil Price Performance

The firm’s 50-day moving average is $3.59 and its two-hundred day moving average is $3.95. The company has a quick ratio of 9.94, a current ratio of 9.94 and a debt-to-equity ratio of 0.18.

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.