Porsche Automobil (ETR:PAH3) Stock Passes Below 50 Day Moving Average – Time to Sell?

Porsche Automobil Holding SE (ETR:PAH3)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of €29.22 and traded as low as €28.82. Porsche Automobil shares last traded at €29.31, with a volume of 353,073 shares traded.

Porsche Automobil Trading Down 0.2%

The stock has a market cap of $9.27 billion, a P/E ratio of 2.44, a price-to-earnings-growth ratio of 2.65 and a beta of 0.95. The firm’s 50 day simple moving average is €29.07 and its two-hundred day simple moving average is €31.95. The company has a quick ratio of 0.08, a current ratio of 15.30 and a debt-to-equity ratio of 18.34.

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. The company was formerly known as Dr. Ing. h.c. F. Porsche Aktiengesellschaft and changed its name to Porsche Automobil Holding SE in November 2007.