Volkswagen (OTCMKTS:VWAGY) Sets New 52-Week Low - Here's Why

Volkswagen AG (OTCMKTS:VWAGY - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.79 and last traded at $9.85, with a volume of 260992 shares trading hands. The stock had previously closed at $9.86.

Wall Street Analysts Forecast Growth

VWAGY has been the topic of a number of recent research reports. Barclays raised shares of Volkswagen to a "strong-buy" rating in a research note on Monday, September 23rd. Dbs Bank raised shares of Volkswagen to a "hold" rating in a research report on Tuesday, October 1st. Two 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 MarketBeat.com, the stock currently has a consensus rating of "Hold".

Volkswagen Price Performance

The company's fifty day moving average price is $10.68 and its 200 day moving average price is $12.16. The company has a market cap of $49.38 billion, a PE ratio of 3.73, a P/E/G ratio of 1.02 and a beta of 1.41.

Volkswagen (OTCMKTS:VWAGY - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.27 EPS for the quarter. Volkswagen had a net margin of 3.77% and a return on equity of 6.37%. The firm had revenue of $86.25 billion during the quarter. On average, analysts forecast that Volkswagen AG will post 2.69 EPS for the current year.

About Volkswagen

Volkswagen AG manufactures and sells automobiles in Germany, other European countries, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services.

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