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

Shares of Porsche Automobil Holding SE (ETR:PAH3Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of €28.43 and traded as low as €27.62. Porsche Automobil shares last traded at €27.75, with a volume of 495,810 shares.

Porsche Automobil Stock Performance

The company has a debt-to-equity ratio of 19.31, a quick ratio of 0.08 and a current ratio of 13.73. The stock has a market cap of $8.93 billion, a PE ratio of 2.35, a price-to-earnings-growth ratio of 2.65 and a beta of 0.96. The firm has a fifty day moving average price of €28.43 and a 200 day moving average price of €31.35.

About Porsche Automobil

(Get Free Report)

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.

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