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

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY)’s stock price reached a new 52-week low on Thursday. The stock traded as low as $7.38 and last traded at $7.41, with a volume of 25,536 shares changing hands. The stock had previously closed at $7.68.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VWAGY. Kepler Capital Markets cut Volkswagen from a “buy” rating to a “hold” rating in a report on Monday, September 21st. Citigroup reiterated a “buy” rating on shares of Volkswagen in a research report on Tuesday, September 8th. Zacks Research raised shares of Volkswagen from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Volkswagen in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Volkswagen Stock Performance

The firm has a market cap of $37.25 billion, a P/E ratio of 6.09, a PEG ratio of 0.34 and a beta of 1.08. The stock’s 50-day moving average is $8.57 and its 200 day moving average is $9.36.

Volkswagen (OTCMKTS:VWAGY) last released its quarterly earnings data on Friday, July 24th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.27). The business had revenue of $93.81 billion for the quarter, compared to the consensus estimate of $92.92 billion. Volkswagen had a net margin of 1.68% and a return on equity of 2.70%. On average, research analysts anticipate that Volkswagen AG Unsponsored ADR will post 1.77 EPS for the current year.

About Volkswagen

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.