Porsche Automobil (OTCMKTS:POAHY) Reaches New 12-Month Low - Should You Sell?

Shares of Porsche Automobil Holding SE (OTCMKTS:POAHY - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $3.47 and last traded at $3.47, with a volume of 476016 shares trading hands. The stock had previously closed at $3.61.

Analysts Set New Price Targets

Several research firms have recently issued reports on POAHY. DZ Bank downgraded Porsche Automobil from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. Hsbc Global Res upgraded shares of Porsche Automobil from a "moderate sell" rating to a "hold" rating in a research report on Thursday, February 13th. Berenberg Bank lowered Porsche Automobil from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group downgraded Porsche Automobil from a "strong-buy" rating to a "strong sell" rating in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Porsche Automobil presently has an average rating of "Hold".

Porsche Automobil Trading Up 11.0 %

The stock's 50-day simple moving average is $3.88 and its 200 day simple moving average is $3.89.

About Porsche Automobil

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.