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

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) shares reached a new 52-week low on Thursday. The company traded as low as $2.66 and last traded at $2.66, with a volume of 142,688 shares trading hands. The stock had previously closed at $2.76.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets downgraded shares of Porsche Automobil from a “hold” rating to a “reduce” rating in a research note on Monday, September 21st. Two analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Porsche Automobil Trading Down 3.4%

The firm has a fifty day simple moving average of $2.92 and a 200-day simple moving average of $3.42.

About Porsche Automobil

Porsche Automobil Holding SE, commonly known as Porsche SE, is a Stuttgart-based investment holding company. It manages investments in automotive and mobility businesses as well as other technology-focused companies; it is not the manufacturer of Porsche vehicles. Porsche SE is a major shareholder in Volkswagen AG and owns a direct stake in Dr. Ing. h.c. F. Porsche AG, the maker of Porsche sports cars and SUVs. Through these holdings and its broader investment activities, the company has exposure to automotive markets around the world.