Porsche Automobil (OTCMKTS:POAHY) Sets New 1-Year Low – Should You Sell?

Shares of Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) reached a new 52-week low 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.

Wall Street Analysts Forecast Growth

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

Porsche Automobil Trading Up 0.3%

The company has a debt-to-equity ratio of 0.18, a current ratio of 9.94 and a quick ratio of 9.94. The firm has a 50 day moving average of $3.67 and a two-hundred day moving average of $4.03.

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.