Porsche Automobil (OTCMKTS:POAHY) Hits New 1-Year Low – Time to Sell?

Porsche Automobil Holding SE (OTCMKTS:POAHY) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $3.50 and last traded at $3.53, with a volume of 695322 shares. The stock had previously closed at $3.56.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on POAHY. Citigroup raised shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Barclays downgraded Porsche Automobil from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 3rd. Finally, Sanford C. Bernstein started coverage on shares of Porsche Automobil in a report on Tuesday, August 20th. They issued a “market perform” rating on the stock.

Porsche Automobil Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.63 and a current ratio of 15.57. The firm’s 50-day simple moving average is $4.17 and its 200 day simple moving average is $4.51.

About Porsche Automobil

Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates in two segments, Core Investments and Portfolio Investments. The company is involved in investments in the areas of mobility and industrial technology. It offers its products under the Volkswagen, Audi, SEAT, KODA, Bentley, Lamborghini, and Porsche brand names.