Porsche Automobil (OTCMKTS:POAHY) Hits New 12-Month Low – What’s Next?

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) reached a new 52-week low during trading on Wednesday . The stock traded as low as $2.9625 and last traded at $2.9650, with a volume of 61701 shares trading hands. The stock had previously closed at $3.07.

Analyst Upgrades and Downgrades

POAHY has been the subject of a number of analyst reports. Kepler Capital Markets cut Porsche Automobil from a “hold” rating to a “reduce” rating in a research note on Monday. UBS Group upgraded shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Finally, The Goldman Sachs Group upgraded shares of Porsche Automobil from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 11th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Porsche Automobil presently has an average rating of “Buy”.

Porsche Automobil Trading Down 3.7%

The firm’s 50 day moving average price is $3.21 and its two-hundred day moving average price is $3.44. 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 is a Germany-based holding company focused on managing strategic investments in the automotive and mobility sectors. It is separate from Porsche AG, the sports-car manufacturer, although it has a significant indirect connection to the Porsche brand through its ownership interest in Volkswagen AG.

Porsche SE is the largest shareholder of Volkswagen AG and holds ordinary shares that provide substantial voting influence. Through Volkswagen, the company has indirect exposure to a broad portfolio of automotive brands, including Volkswagen, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and Ducati, as well as commercial vehicles and mobility-related businesses.