Volkswagen (OTCMKTS:VWAGY) Sees Unusually-High Trading Volume – Here’s What Happened

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) shares saw an uptick in trading volume on Thursday . 380,241 shares changed hands during trading, an increase of 69% from the previous session’s volume of 224,523 shares.The stock last traded at $10.8850 and had previously closed at $10.88.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Volkswagen from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Volkswagen presently has an average rating of “Hold”.

Volkswagen Price Performance

The stock has a market capitalization of $54.49 billion, a PE ratio of 6.01, a P/E/G ratio of 0.65 and a beta of 1.25. The stock has a 50 day moving average of $11.14 and a two-hundred day moving average of $11.10.

Volkswagen (OTCMKTS:VWAGY) last posted its quarterly earnings results on Thursday, October 30th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.12). Volkswagen had a net margin of 2.57% and a return on equity of 4.21%. The business had revenue of $93.67 billion during the quarter, compared to analysts’ expectations of $78.07 billion. As a group, research analysts predict that Volkswagen AG Unsponsored ADR will post 2.53 earnings per share for the current fiscal year.

Volkswagen Company Profile

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.