Volkswagen (OTCMKTS:VWAGY) Hits New 1-Year Low – Here’s Why

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY)’s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $7.37 and last traded at $7.3749, with a volume of 187,653 shares changing hands. The stock had previously closed at $7.58.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of Volkswagen in a research report on Tuesday, September 8th. Deutsche Bank reaffirmed a “buy” rating on shares of Volkswagen in a report on Monday, July 27th. Kepler Capital Markets lowered shares of Volkswagen from a “buy” rating to a “hold” rating in a research note on Monday, September 21st. Finally, Zacks Research cut shares of Volkswagen from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Volkswagen Price Performance

The firm’s 50 day moving average is $8.14 and its 200 day moving average is $9.62. The company has a market cap of $36.96 billion, a PE ratio of 27.31, a PEG ratio of 0.58 and a beta of 1.08.

Volkswagen (OTCMKTS:VWAGY) last posted its earnings results on Thursday, October 29th. The company reported ($1.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($1.39). Volkswagen had a return on equity of 0.65% and a net margin of 0.41%. The firm had revenue of $83.82 billion during the quarter, compared to analysts’ expectations of $88.08 billion. As a group, analysts anticipate that Volkswagen AG Unsponsored ADR will post 1.03 EPS for the current year.

About Volkswagen

Volkswagen AG is a Germany-based automotive group founded in 1937 and headquartered in Wolfsburg. It develops, manufactures and sells passenger cars and commercial vehicles through a portfolio of brands that includes Volkswagen, Audi, Porsche, Škoda, SEAT, CUPRA, Bentley and Lamborghini. The group also includes Ducati, a motorcycle manufacturer, and commercial vehicle businesses such as Scania and MAN. Volkswagen serves customers in markets around the world, with operations spanning vehicle development, production, sales and after-sales services.