Volkswagen (OTCMKTS:VWAGY) Hits New 1-Year Low – Should You Sell?

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY)’s share price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $7.9899 and last traded at $8.05, with a volume of 369391 shares. The stock had previously closed at $8.07.

Analysts Set New Price Targets

Several research analysts recently issued reports on VWAGY shares. Zacks Research cut shares of Volkswagen from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Kepler Capital Markets cut Volkswagen from a “buy” rating to a “hold” rating in a research report on Monday, September 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Volkswagen in a research note on Monday, July 27th. Finally, Citigroup restated a “buy” rating on shares of Volkswagen in a research note on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Volkswagen Stock Performance

The firm has a market cap of $38.40 billion, a price-to-earnings ratio of 6.28, a PEG ratio of 0.35 and a beta of 1.08. The business has a fifty day moving average of $8.76 and a two-hundred day moving average of $9.52.

Volkswagen (OTCMKTS:VWAGY) last issued its quarterly earnings data on Friday, July 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.27). The firm had revenue of $93.81 billion for the quarter, compared to analyst estimates of $92.92 billion. Volkswagen had a return on equity of 2.70% and a net margin of 1.68%. On average, equities research analysts forecast that Volkswagen AG Unsponsored ADR will post 1.79 earnings per share for the current year.

Volkswagen Company Profile

Volkswagen AG is a Germany-based automotive company headquartered in Wolfsburg. Founded in 1937, the company has developed into one of the world’s largest vehicle manufacturers and is listed in the United States through American depositary receipts under the symbol VWAGY.

The Volkswagen Group develops, manufactures and sells passenger cars, commercial vehicles, trucks and motorcycles. Its portfolio includes the Volkswagen, Audi, Škoda, SEAT, CUPRA, Porsche, Bentley, Lamborghini and Ducati brands, as well as Volkswagen Commercial Vehicles and the MAN and Scania truck businesses.