Porsche Automobil (ETR:PAH3) Shares Down 3.4% – Here’s Why

Porsche Automobil Holding SE (ETR:PAH3Get Free Report) shares were down 3.4% during mid-day trading on Tuesday . The company traded as low as €27.30 and last traded at €27.46. 1,103,502 shares traded hands during trading, an increase of 119% from the average session volume of 502,739 shares. The stock had previously closed at €28.42.

Porsche Automobil Price Performance

The company has a debt-to-equity ratio of 19.31, a current ratio of 13.73 and a quick ratio of 0.08. The firm has a fifty day moving average of €28.26 and a two-hundred day moving average of €30.18. The stock has a market capitalization of $8.77 billion, a P/E ratio of 2.31, a P/E/G ratio of 2.65 and a beta of 0.96.

About Porsche Automobil

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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.

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