Porsche Automobil (OTCMKTS:POAHY) Sets New 12-Month Low – Here’s Why

Porsche Automobil Holding SE (OTCMKTS:POAHY) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $3.47 and last traded at $3.47, with a volume of 476016 shares changing hands. The stock had previously closed at $3.61.

Analysts Set New Price Targets

POAHY has been the topic of a number of research analyst reports. Hsbc Global Res upgraded shares of Porsche Automobil from a “moderate sell” rating to a “hold” rating in a report on Thursday, February 13th. The Goldman Sachs Group lowered Porsche Automobil from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Berenberg Bank downgraded shares of Porsche Automobil from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. DZ Bank cut shares of Porsche Automobil from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 28th. Finally, UBS Group cut Porsche Automobil from a “hold” rating to a “strong sell” rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, Porsche Automobil has an average rating of “Hold”.

Porsche Automobil Trading Down 3.9 %

The company’s fifty day simple moving average is $3.91 and its two-hundred day simple moving average is $3.92.

Porsche Automobil Company Profile

Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates in two segments, Core Investments and Portfolio Investments. The company is involved in investments in the areas of mobility and industrial technology. It offers its products under the Volkswagen, Audi, SEAT, KODA, Bentley, Lamborghini, and Porsche brand names.