Volkswagen (OTCMKTS:VWAGY) Hits New 12-Month Low – Time to Sell?

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $7.37 and last traded at $7.3749, with a volume of 187,653 shares trading hands. The stock had previously closed at $7.58.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VWAGY. Citigroup reiterated a “buy” rating on shares of Volkswagen in a report on Tuesday, September 8th. Kepler Capital Markets downgraded Volkswagen from a “buy” rating to a “hold” rating in a research note on Monday, September 21st. Deutsche Bank reissued a “buy” rating on shares of Volkswagen in a report on Monday, July 27th. Finally, Zacks Research downgraded Volkswagen from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Volkswagen currently has an average rating of “Moderate Buy”.

Volkswagen Price Performance

The company has a market cap of $36.96 billion, a PE ratio of 27.31, a P/E/G ratio of 0.58 and a beta of 1.08. The company’s fifty day moving average price is $8.14 and its 200 day moving average price is $9.62.

Volkswagen (OTCMKTS:VWAGY) last posted its quarterly earnings data on Thursday, October 29th. The company reported ($1.06) EPS for the quarter, missing the consensus estimate of $0.33 by ($1.39). The firm had revenue of $83.82 billion during the quarter, compared to analysts’ expectations of $88.08 billion. Volkswagen had a net margin of 0.41% and a return on equity of 0.65%. On average, analysts forecast that Volkswagen AG Unsponsored ADR will post 1.03 EPS for the current year.

Volkswagen Company Profile

Volkswagen AG is a Germany-based automotive group founded in 1937 and headquartered in Wolfsburg. It develops, manufactures and sells passenger cars and commercial vehicles through a portfolio of brands that includes Volkswagen, Audi, Porsche, Škoda, SEAT, CUPRA, Bentley and Lamborghini. The group also includes Ducati, a motorcycle manufacturer, and commercial vehicle businesses such as Scania and MAN. Volkswagen serves customers in markets around the world, with operations spanning vehicle development, production, sales and after-sales services.