Porsche Automobil (ETR:PAH3) Stock Price Down 1.4% – Here’s Why

Porsche Automobil Holding SE (ETR:PAH3Get Free Report)’s share price was down 1.4% during trading on Monday . The stock traded as low as €26.85 and last traded at €27.10. Approximately 530,116 shares traded hands during trading, an increase of 5% from the average daily volume of 502,739 shares. The stock had previously closed at €27.48.

Porsche Automobil Stock Performance

The firm has a 50-day moving average of €29.66 and a two-hundred day moving average of €32.52. The company has a quick ratio of 0.08, a current ratio of 15.30 and a debt-to-equity ratio of 18.34. The company has a market capitalization of $8.65 billion, a PE ratio of 2.28, a PEG ratio of 2.65 and a beta of 0.95.

About Porsche Automobil

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Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates in two segments, Core Investments and Portfolio Investments. The company is involved in investments in the areas of mobility and industrial technology. It offers its products under the Volkswagen, Audi, SEAT, KODA, Bentley, Lamborghini, and Porsche brand names. The company was formerly known as Dr. Ing. h.c. F. Porsche Aktiengesellschaft and changed its name to Porsche Automobil Holding SE in November 2007.

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