Shares of Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY – Get Free Report) saw strong trading volume on Friday . Approximately 118,658 shares traded hands during trading, a decline of 50% from the previous session’s volume of 238,815 shares.The stock last traded at $8.2875 and had previously closed at $8.34.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. Citigroup reiterated a “buy” rating on shares of Volkswagen in a research report on Tuesday, June 23rd. Zacks Research cut shares of Volkswagen from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on Volkswagen
Volkswagen Trading Down 0.6%
Volkswagen (OTCMKTS:VWAGY – Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.30). Volkswagen had a return on equity of 3.18% and a net margin of 1.96%. As a group, research analysts anticipate that Volkswagen AG Unsponsored ADR will post 2.13 earnings per share for the current year.
Volkswagen Company Profile
Volkswagen AG is one of the world’s largest integrated automakers, headquartered in Wolfsburg, Germany. Founded in 1937 to produce a mass-market “people’s car,” the company expanded through the post-war period into a global automotive group. Volkswagen’s operations encompass the design, engineering, manufacture and distribution of a broad range of passenger cars and light commercial vehicles, and the company’s consolidated brand portfolio includes Volkswagen Passenger Cars, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and other marques operated across its group structure.
In addition to vehicle production, Volkswagen provides a range of automotive-related products and services, including powertrain technologies, component manufacturing, mobility services and vehicle financing and leasing through its Volkswagen Financial Services unit.
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