Porsche Automobil (OTCMKTS:POAHY) Reaches New 1-Year Low – What’s Next?

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY) shares hit a new 52-week low during trading on Thursday . The company traded as low as $3.39 and last traded at $3.40, with a volume of 6825 shares changing hands. The stock had previously closed at $3.4298.

Analysts Set New Price Targets

A number of analysts recently commented on POAHY shares. The Goldman Sachs Group raised Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 11th. UBS Group raised Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Porsche Automobil presently has an average rating of “Strong Buy”.

Porsche Automobil Price Performance

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 stock has a 50-day simple moving average of $3.66 and a 200-day simple moving average of $4.01.

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.