Porsche Automobil (OTCMKTS:POAHY) Stock Price Down 0.5% – Here’s What Happened

Porsche Automobil Holding SE (OTCMKTS:POAHY)’s share price traded down 0.5% on Monday . The company traded as low as $3.64 and last traded at $3.67. 1,094,915 shares changed hands during trading, an increase of 252% from the average session volume of 311,121 shares. The stock had previously closed at $3.69.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Citigroup upgraded Porsche Automobil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Sanford C. Bernstein assumed coverage on Porsche Automobil in a research note on Tuesday, August 20th. They issued a “market perform” rating for the company. Finally, Barclays downgraded shares of Porsche Automobil from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 3rd.

Porsche Automobil Trading Down 2.5 %

The company has a current ratio of 15.57, a quick ratio of 8.63 and a debt-to-equity ratio of 0.13. The company has a 50-day simple moving average of $4.21 and a two-hundred day simple moving average of $4.54.

Porsche Automobil Company Profile

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.