Volkswagen (OTCMKTS:VWAGY) Hits New 52-Week Low – Here’s What Happened

Volkswagen AG (OTCMKTS:VWAGY) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.85 and last traded at $9.89, with a volume of 932626 shares changing hands. The stock had previously closed at $10.31.

Analyst Upgrades and Downgrades

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

Volkswagen Price Performance

The stock has a market cap of $49.58 billion, a price-to-earnings ratio of 3.21, a price-to-earnings-growth ratio of 1.08 and a beta of 1.41. The firm has a 50 day simple moving average of $10.86 and a two-hundred day simple moving average of $12.34.

Volkswagen (OTCMKTS:VWAGY) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.67 earnings per share for the quarter. Volkswagen had a net margin of 4.60% and a return on equity of 7.79%. The business had revenue of $89.71 billion for the quarter. On average, sell-side analysts expect that Volkswagen AG will post 2.69 earnings per share for the current fiscal year.

Volkswagen Company Profile

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.