Porsche Automobil (ETR:PAH3) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Porsche Automobil Holding SE (ETR:PAH3)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of €29.22 and traded as low as €28.82. Porsche Automobil shares last traded at €29.31, with a volume of 353,073 shares changing hands.

Porsche Automobil Price Performance

The stock has a fifty day simple moving average of €29.22 and a two-hundred day simple moving average of €32.04. The company has a market cap of $9.29 billion, a PE ratio of 2.45, a price-to-earnings-growth ratio of 2.65 and a beta of 0.95. The company has a current ratio of 15.30, a quick ratio of 0.08 and a debt-to-equity ratio of 18.34.

Porsche Automobil Company Profile

Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates in two segments, Core Investments and Portfolio Investments. The company is involved in investments in the areas of mobility and industrial technology. It offers its products under the Volkswagen, Audi, SEAT, KODA, Bentley, Lamborghini, and Porsche brand names. The company was formerly known as Dr. Ing. h.c. F. Porsche Aktiengesellschaft and changed its name to Porsche Automobil Holding SE in November 2007.