Volkswagen (OTCMKTS:VWAGY) Sets New 52-Week Low – Should You Sell?

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY)’s stock price hit a new 52-week low on Thursday . The company traded as low as $8.06 and last traded at $8.06, with a volume of 183841 shares. The stock had previously closed at $8.25.

Analysts Set New Price Targets

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

Volkswagen Price Performance

The firm has a market capitalization of $40.33 billion, a P/E ratio of 6.59, a price-to-earnings-growth ratio of 0.37 and a beta of 1.07. The business has a 50 day moving average price of $8.82 and a 200 day moving average price of $9.63.

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 the consensus estimate of $0.57 by ($0.27). Volkswagen had a return on equity of 2.70% and a net margin of 1.68%.The company had revenue of $93.81 billion during the quarter, compared to analyst estimates of $92.92 billion. As a group, equities analysts expect that Volkswagen AG Unsponsored ADR will post 1.79 EPS for the current year.

Volkswagen Company Profile

Volkswagen AG is a German automotive company headquartered in Wolfsburg, Germany. Through its Volkswagen Group operations, the company develops, manufactures and sells passenger cars, commercial vehicles, trucks, buses, motorcycles and related mobility products. Its portfolio includes vehicles powered by internal combustion engines, hybrids and batteries, along with digital services and charging solutions.

The group’s major automotive brands include Volkswagen Passenger Cars, Audi, Škoda, SEAT, CUPRA, Porsche, Bentley, Lamborghini, Ducati and Volkswagen Commercial Vehicles.