Porsche Automobil (OTCMKTS:POAHY) Reaches New 1-Year Low – What’s Next?

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $3.39 and last traded at $3.40, with a volume of 6825 shares. The stock had previously closed at $3.4298.

Wall Street Analysts Forecast Growth

POAHY has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded Porsche Automobil from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 11th. UBS Group raised Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Two investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

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Porsche Automobil Price 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 50 day moving average price is $3.66 and its 200-day moving average price is $4.01.

About Porsche Automobil

(Get Free Report)

Porsche Automobil Holding SE, trading in the United States as an OTC ADR under the symbol POAHY, is a German publicly traded holding company whose principal business activity is managing long-term equity investments in the global automotive sector. The company’s core asset is a majority economic interest and significant voting control in Volkswagen AG, one of the world’s leading automotive manufacturers. Through this stake, Porsche Automobil takes an active governance role across Volkswagen’s portfolio of brands, including Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini and Porsche AG.

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