Porsche Automobil (OTCMKTS:POAHY) Shares Cross Below 50-Day Moving Average – Should You Sell?

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.41 and traded as low as $4.1525. Porsche Automobil shares last traded at $4.18, with a volume of 124,110 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on POAHY shares. The Goldman Sachs Group raised Porsche Automobil to a “hold” rating in a research report on Monday, November 24th. UBS Group upgraded Porsche Automobil from a “sell” rating to a “neutral” rating in a research note on Tuesday, November 4th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Porsche Automobil Stock Performance

The firm’s 50 day simple moving average is $4.40 and its 200 day simple moving average is $4.22.

Porsche Automobil Company Profile

Porsche Automobil Holding SE, trading in the United States as an OTC ADR under the symbol POAHY, is a German publicly traded holding company whose principal business activity is managing long-term equity investments in the global automotive sector. The company’s core asset is a majority economic interest and significant voting control in Volkswagen AG, one of the world’s leading automotive manufacturers. Through this stake, Porsche Automobil takes an active governance role across Volkswagen’s portfolio of brands, including Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini and Porsche AG.