Porsche Automobil (ETR:PAH3) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Porsche Automobil Holding SE (ETR:PAH3) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of €28.81 and traded as low as €28.11. Porsche Automobil shares last traded at €28.17, with a volume of 642,185 shares changing hands.

Porsche Automobil Stock Down 2.1%

The company has a current ratio of 13.73, a quick ratio of 0.08 and a debt-to-equity ratio of 19.31. The stock’s 50-day simple moving average is €28.81 and its 200-day simple moving average is €31.70. The firm has a market capitalization of $8.80 billion, a P/E ratio of 2.32, a P/E/G ratio of 2.65 and a beta of 0.95.

About Porsche Automobil

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.