Porsche Automobil (OTCMKTS:POAHY) Trading Down 0.5% – Here’s Why

Porsche Automobil Holding SE (OTCMKTS:POAHY)’s stock price fell 0.5% during trading on Monday . The company traded as low as $3.64 and last traded at $3.67. 1,094,915 shares were traded during trading, an increase of 252% from the average session volume of 311,121 shares. The stock had previously closed at $3.69.

Wall Street Analyst Weigh In

Several brokerages have recently commented on POAHY. Barclays downgraded Porsche Automobil from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 3rd. Citigroup upgraded Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Sanford C. Bernstein initiated coverage on shares of Porsche Automobil in a report on Tuesday, August 20th. They set a “market perform” rating for the company.

Porsche Automobil Stock Down 0.5 %

The firm’s fifty day simple moving average is $4.22 and its 200 day simple moving average is $4.55. The company has a current ratio of 15.57, a quick ratio of 8.63 and a debt-to-equity ratio of 0.13.

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.