Porsche Automobil (OTCMKTS:POAHY) Sets New 52-Week Low – Here’s What Happened

Shares of Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $2.9625 and last traded at $2.9650, with a volume of 61701 shares. The stock had previously closed at $3.07.

Analyst Ratings Changes

A number of analysts have weighed in on POAHY shares. The Goldman Sachs Group raised shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 11th. UBS Group upgraded shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Finally, Kepler Capital Markets lowered shares of Porsche Automobil from a “hold” rating to a “reduce” rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Porsche Automobil Stock Performance

The company has a quick ratio of 9.94, a current ratio of 9.94 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $3.21 and its 200-day simple moving average is $3.44.

Porsche Automobil Company Profile

Porsche Automobil Holding SE is a Germany-based holding company focused on managing strategic investments in the automotive and mobility sectors. It is separate from Porsche AG, the sports-car manufacturer, although it has a significant indirect connection to the Porsche brand through its ownership interest in Volkswagen AG.

Porsche SE is the largest shareholder of Volkswagen AG and holds ordinary shares that provide substantial voting influence. Through Volkswagen, the company has indirect exposure to a broad portfolio of automotive brands, including Volkswagen, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and Ducati, as well as commercial vehicles and mobility-related businesses.