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Porsche Automobil (OTCMKTS:POAHY) Share Price Passes Below 50 Day Moving Average - Here's What Happened

Porsche Automobil logo with Consumer Cyclical background

Porsche Automobil Holding SE (OTCMKTS:POAHY - Get Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $4.37 and traded as low as $4.26. Porsche Automobil shares last traded at $4.27, with a volume of 160,486 shares traded.

Analyst Upgrades and Downgrades

POAHY has been the topic of several analyst reports. Barclays lowered shares of Porsche Automobil from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 3rd. Sanford C. Bernstein initiated coverage on shares of Porsche Automobil in a research note on Tuesday, August 20th. They issued a "market perform" rating for the company.

Check Out Our Latest Report on Porsche Automobil

Porsche Automobil Price Performance

The company's 50 day moving average is $4.37 and its 200 day moving average is $4.75.

About Porsche Automobil

(Get Free Report)

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.

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