Porsche Automobil (OTCMKTS:POAHY) Sets New 12-Month Low – Time to Sell?

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $3.01 and last traded at $3.0150, with a volume of 20613 shares traded. The stock had previously closed at $3.07.

Wall Street Analyst Weigh In

Several research analysts have issued reports on POAHY shares. The Goldman Sachs Group upgraded Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 11th. UBS Group raised Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Porsche Automobil Stock Down 1.1%

The business has a fifty day moving average of $3.37 and a 200-day moving average of $3.75. The company has a quick ratio of 9.94, a current ratio of 9.94 and a debt-to-equity ratio of 0.18.

About Porsche Automobil

Porsche Automobil Holding SE, trading in the United States as an OTC ADR under the symbol POAHY, is a German publicly traded holding company whose principal business activity is managing long-term equity investments in the global automotive sector. The company’s core asset is a majority economic interest and significant voting control in Volkswagen AG, one of the world’s leading automotive manufacturers. Through this stake, Porsche Automobil takes an active governance role across Volkswagen’s portfolio of brands, including Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini and Porsche AG.