Porsche Automobil (OTCMKTS:POAHY) Reaches New 1-Year Low – What’s Next?

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY)’s share price hit a new 52-week low on Thursday. The stock traded as low as $2.66 and last traded at $2.66, with a volume of 142,688 shares trading hands. The stock had previously closed at $2.76.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets cut Porsche Automobil from a “hold” rating to a “reduce” rating in a research note on Monday, September 21st. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Porsche Automobil Stock Down 3.4%

The business’s fifty day simple moving average is $2.92 and its 200 day simple moving average is $3.42.

About Porsche Automobil

Porsche Automobil Holding SE, commonly known as Porsche SE, is a Stuttgart-based investment holding company. It manages investments in automotive and mobility businesses as well as other technology-focused companies; it is not the manufacturer of Porsche vehicles. Porsche SE is a major shareholder in Volkswagen AG and owns a direct stake in Dr. Ing. h.c. F. Porsche AG, the maker of Porsche sports cars and SUVs. Through these holdings and its broader investment activities, the company has exposure to automotive markets around the world.