Volkswagen (OTCMKTS:VWAGY) Sees Unusually-High Trading Volume – Here’s What Happened

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) saw strong trading volume on Thursday . 380,241 shares changed hands during mid-day trading, an increase of 69% from the previous session’s volume of 224,523 shares.The stock last traded at $10.8850 and had previously closed at $10.88.

Analysts Set New Price Targets

Separately, Zacks Research cut Volkswagen from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Volkswagen Stock Performance

The firm has a market cap of $54.49 billion, a price-to-earnings ratio of 6.01, a price-to-earnings-growth ratio of 0.65 and a beta of 1.25. The firm has a 50-day moving average price of $11.14 and a two-hundred day moving average price of $11.10.

Volkswagen (OTCMKTS:VWAGY) last issued its earnings results on Thursday, October 30th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.12). The business had revenue of $93.67 billion for the quarter, compared to analyst estimates of $78.07 billion. Volkswagen had a return on equity of 4.21% and a net margin of 2.57%. Research analysts anticipate that Volkswagen AG Unsponsored ADR will post 2.53 earnings per share for the current year.

Volkswagen Company Profile

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.