Volkswagen (OTCMKTS:VWAGY) Sets New 1-Year Low – Here’s What Happened

Volkswagen AG (OTCMKTS:VWAGY) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $9.79 and last traded at $9.85, with a volume of 260992 shares traded. The stock had previously closed at $9.86.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VWAGY shares. Barclays upgraded shares of Volkswagen to a “strong-buy” rating in a research note on Monday, September 23rd. Dbs Bank raised shares of Volkswagen to a “hold” rating in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, Volkswagen has an average rating of “Hold”.

Volkswagen Price Performance

The stock has a market capitalization of $49.38 billion, a PE ratio of 3.73, a P/E/G ratio of 1.02 and a beta of 1.41. The firm’s 50 day simple moving average is $10.68 and its 200 day simple moving average is $12.16.

Volkswagen (OTCMKTS:VWAGY) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter. Volkswagen had a return on equity of 6.37% and a net margin of 3.77%. The firm had revenue of $86.25 billion for the quarter. Analysts expect that Volkswagen AG will post 2.69 earnings per share for the current fiscal year.

About Volkswagen

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.