Volkswagen (OTCMKTS:VWAGY) Releases Earnings Results

Volkswagen (OTCMKTS:VWAGY) posted its quarterly earnings results on Wednesday. The company reported $0.27 earnings per share for the quarter, reports. Volkswagen had a net margin of 3.77% and a return on equity of 6.37%. The business had revenue of $86.25 billion during the quarter.

Volkswagen Trading Down 2.5 %

Shares of VWAGY opened at $9.90 on Friday. Volkswagen has a twelve month low of $9.80 and a twelve month high of $16.48. The company has a market cap of $49.63 billion, a P/E ratio of 3.84, a P/E/G ratio of 1.05 and a beta of 1.41. The company’s fifty day simple moving average is $10.76 and its 200-day simple moving average is $12.27.

Analyst Ratings Changes

VWAGY has been the topic of a number of recent research reports. Dbs Bank raised shares of Volkswagen to a “hold” rating in a research note on Tuesday, October 1st. Barclays raised shares of Volkswagen to a “strong-buy” rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Volkswagen has a consensus rating of “Hold”.

About Volkswagen

Volkswagen AG manufactures and sells automobiles in Germany, other European countries, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services.