Porsche Automobil (OTCMKTS:POAHY) Shares Gap Down – Here’s What Happened

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) shares gapped down before the market opened on Monday . The stock had previously closed at $3.33, but opened at $3.0799. Porsche Automobil shares last traded at $3.0696, with a volume of 29,187 shares.

Analyst Upgrades and Downgrades

POAHY has been the topic of several recent research reports. UBS Group upgraded Porsche Automobil from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. The Goldman Sachs Group upgraded Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Porsche Automobil Trading Down 1.5%

The firm has a 50-day moving average price of $3.57 and a two-hundred day moving average price of $3.94. The company has a debt-to-equity ratio of 0.18, a quick ratio of 9.94 and a current ratio of 9.94.

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.