Porsche Automobil (OTCMKTS:POAHY) Hits New 1-Year Low – Here’s Why

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) shares reached a new 52-week low on Monday. The company traded as low as $2.6950 and last traded at $2.70, with a volume of 8840 shares changing hands. The stock had previously closed at $2.73.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on POAHY shares. Kepler Capital Markets cut shares of Porsche Automobil from a “hold” rating to a “reduce” rating in a research report on Monday, September 21st. The Goldman Sachs Group upgraded shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 11th. Two analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy”.

Porsche Automobil Price Performance

The business has a fifty day simple moving average of $3.15 and a 200-day simple moving average of $3.37.

About Porsche Automobil

Porsche Automobil Holding SE, also known as Porsche SE, is a Germany-based holding company headquartered in Stuttgart. Unlike Porsche AG, the sports-car manufacturer, Porsche SE primarily manages and develops long-term investments rather than designing or selling vehicles directly.

The company’s principal investment is a controlling interest in Volkswagen AG, one of the world’s largest automotive groups. Through Volkswagen, Porsche SE has indirect exposure to brands and businesses that manufacture passenger cars, commercial vehicles, sports cars, and mobility-related products and services.