Porsche Automobil (OTCMKTS:POAHY) Stock Price Down 0.5% – Here’s Why

Porsche Automobil Holding SE (OTCMKTS:POAHY) fell 0.5% on Monday . The stock traded as low as $3.64 and last traded at $3.67. 1,094,915 shares changed hands during trading, an increase of 252% from the average session volume of 311,121 shares. The stock had previously closed at $3.69.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Citigroup raised Porsche Automobil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein began coverage on Porsche Automobil in a research report on Tuesday, August 20th. They issued a “market perform” rating for the company. Finally, Barclays lowered shares of Porsche Automobil from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 3rd.

Porsche Automobil Stock Performance

The stock’s 50-day moving average is $4.22 and its two-hundred day moving average is $4.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 15.57 and a quick ratio of 8.63.

Porsche Automobil Company Profile

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.