Porsche Automobil (ETR:PAH3) Shares Down 1.4% – Here’s Why

Porsche Automobil Holding SE (ETR:PAH3)’s share price traded down 1.4% during mid-day trading on Wednesday . The stock traded as low as €35.72 and last traded at €35.78. 437,646 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 502,739 shares. The stock had previously closed at €36.27.

Porsche Automobil Stock Performance

The business’s 50-day moving average is €38.58 and its 200-day moving average is €36.50. The company has a market capitalization of $11.42 billion, a PE ratio of 3.01, a PEG ratio of 2.65 and a beta of 1.31.

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. The company was formerly known as Dr. Ing. h.c. F. Porsche Aktiengesellschaft and changed its name to Porsche Automobil Holding SE in November 2007.