Porsche Automobil (OTCMKTS:POAHY) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Shares of Porsche Automobil Holding SE (OTCMKTS:POAHY) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.92 and traded as low as $3.61. Porsche Automobil shares last traded at $3.61, with a volume of 393,175 shares trading hands.

Analysts Set New Price Targets

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

Porsche Automobil Stock Performance

The firm’s 50 day moving average is $3.92 and its 200 day moving average is $3.93.

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.