Volkswagen (OTCMKTS:VWAGY) Sets New 12-Month Low – Should You Sell?

Shares of Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) reached a new 52-week low on Thursday. The stock traded as low as $7.38 and last traded at $7.41, with a volume of 25,536 shares traded. The stock had previously closed at $7.68.

Analyst Ratings Changes

VWAGY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Volkswagen in a research note on Monday, July 27th. Citigroup reissued a “buy” rating on shares of Volkswagen in a research note on Tuesday, September 8th. Kepler Capital Markets lowered shares of Volkswagen from a “buy” rating to a “hold” rating in a report on Monday, September 21st. Finally, Zacks Research raised shares of Volkswagen from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Volkswagen presently has a consensus rating of “Moderate Buy”.

Volkswagen Stock Up 2.8%

The stock has a 50-day simple moving average of $8.53 and a two-hundred day simple moving average of $9.33. The firm has a market cap of $38.60 billion, a PE ratio of 6.31, a P/E/G ratio of 0.33 and a beta of 1.08.

Volkswagen (OTCMKTS:VWAGY) last posted its quarterly earnings data on Friday, July 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). Volkswagen had a return on equity of 2.70% and a net margin of 1.68%. The firm had revenue of $93.81 billion during the quarter, compared to analysts’ expectations of $92.92 billion. Research analysts expect that Volkswagen AG Unsponsored ADR will post 1.77 earnings per share for the current year.

About Volkswagen

Volkswagen AG is a Germany-based automotive company headquartered in Wolfsburg. Founded in 1937, the company has developed into one of the world’s largest vehicle manufacturers and is listed in the United States through American depositary receipts under the symbol VWAGY.

The Volkswagen Group develops, manufactures and sells passenger cars, commercial vehicles, trucks and motorcycles. Its portfolio includes the Volkswagen, Audi, Škoda, SEAT, CUPRA, Porsche, Bentley, Lamborghini and Ducati brands, as well as Volkswagen Commercial Vehicles and the MAN and Scania truck businesses.