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

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) reached a new 52-week low during trading on Thursday. The company traded as low as $7.4296 and last traded at $7.46, with a volume of 47970 shares. The stock had previously closed at $7.69.

Analysts Set New Price Targets

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

Volkswagen Stock Performance

The company has a market capitalization of $37.40 billion, a PE ratio of 6.11, a PEG ratio of 0.34 and a beta of 1.08. The stock has a fifty day moving average of $8.70 and a 200 day moving average of $9.45.

Volkswagen (OTCMKTS:VWAGY) last announced its quarterly earnings data on Friday, July 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). Volkswagen had a net margin of 1.68% and a return on equity of 2.70%. The company had revenue of $93.81 billion for the quarter, compared to analysts’ expectations of $92.92 billion. As a group, equities analysts predict that Volkswagen AG Unsponsored ADR will post 1.79 EPS 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.