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 during trading on Wednesday . The company traded as low as $3.34 and last traded at $3.34, with a volume of 763433 shares. The stock had previously closed at $3.38.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on POAHY. 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 raised shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Two equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has an average rating of “Strong Buy”.

Porsche Automobil Stock Down 1.2%

The company has a current ratio of 9.94, a quick ratio of 9.94 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $3.63 and a two-hundred day simple moving average of $3.99.

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.