Volkswagen (OTCMKTS:VWAGY) Sets New 12-Month Low – Should You Sell?

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $8.98 and last traded at $9.01, with a volume of 471884 shares traded. The stock had previously closed at $9.29.

Analysts Set New Price Targets

Separately, Citigroup restated a “buy” rating on shares of Volkswagen in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Volkswagen presently has an average rating of “Moderate Buy”.

Volkswagen Price Performance

The stock has a market capitalization of $44.31 billion, a price-to-earnings ratio of 6.27, a PEG ratio of 0.24 and a beta of 1.03. The stock’s 50 day simple moving average is $10.35 and its 200-day simple moving average is $11.15.

Volkswagen (OTCMKTS:VWAGY) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.11). The business had revenue of $88.75 billion for the quarter, compared to analyst estimates of $91.84 billion. Volkswagen had a return on equity of 3.18% and a net margin of 1.96%. As a group, equities research analysts anticipate that Volkswagen AG Unsponsored ADR will post 2.23 earnings per share for the current fiscal year.

About Volkswagen

Volkswagen AG is one of the world’s largest integrated automakers, headquartered in Wolfsburg, Germany. Founded in 1937 to produce a mass-market “people’s car,” the company expanded through the post-war period into a global automotive group. Volkswagen’s operations encompass the design, engineering, manufacture and distribution of a broad range of passenger cars and light commercial vehicles, and the company’s consolidated brand portfolio includes Volkswagen Passenger Cars, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and other marques operated across its group structure.

In addition to vehicle production, Volkswagen provides a range of automotive-related products and services, including powertrain technologies, component manufacturing, mobility services and vehicle financing and leasing through its Volkswagen Financial Services unit.