Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY – Get Free Report)’s share price hit a new 52-week low on Thursday. The company traded as low as $7.4296 and last traded at $7.46, with a volume of 47970 shares changing hands. The stock had previously closed at $7.69.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on VWAGY shares. Zacks Research raised Volkswagen from a “strong sell” rating to a “hold” rating in a research note on Monday. Citigroup reaffirmed a “buy” rating on shares of Volkswagen in a research note on Tuesday, September 8th. Kepler Capital Markets cut Volkswagen from a “buy” rating to a “hold” rating in a report on Monday, September 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Volkswagen in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Report on VWAGY
Volkswagen Stock Performance
Volkswagen (OTCMKTS:VWAGY – Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The company had revenue of $93.81 billion for the quarter, compared to analysts’ expectations of $92.92 billion. Volkswagen had a net margin of 1.68% and a return on equity of 2.70%. Equities research analysts predict that Volkswagen AG Unsponsored ADR will post 1.79 EPS for the current year.
About Volkswagen
Volkswagen AG is a Germany-based automotive company headquartered in Wolfsburg. Founded in 1937, the company has developed into one of the world’s largest vehicle manufacturers and is listed in the United States through American depositary receipts under the symbol VWAGY.
The Volkswagen Group develops, manufactures and sells passenger cars, commercial vehicles, trucks and motorcycles. Its portfolio includes the Volkswagen, Audi, Škoda, SEAT, CUPRA, Porsche, Bentley, Lamborghini and Ducati brands, as well as Volkswagen Commercial Vehicles and the MAN and Scania truck businesses.
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