Porsche Automobil (OTCMKTS:POAHY) Reaches New 52-Week Low – Time to Sell?

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $3.44 and last traded at $3.4455, with a volume of 105476 shares traded. The stock had previously closed at $3.45.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Porsche Automobil Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 9.94 and a current ratio of 9.94. The company has a 50 day moving average price of $3.67 and a 200-day moving average price of $4.04.

About Porsche Automobil

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.