Volkswagen (OTCMKTS:VWAGY) Reaches New 52-Week Low at $10.60

Volkswagen AG (OTCMKTS:VWAGY)’s share price reached a new 52-week low on Friday . The company traded as low as $10.60 and last traded at $10.62, with a volume of 510378 shares traded. The stock had previously closed at $11.20.

Analyst Ratings Changes

Separately, Morgan Stanley lowered Volkswagen from an “equal weight” rating to an “underweight” rating in a research report on Monday, May 20th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Volkswagen Trading Down 5.2 %

The company has a market cap of $53.24 billion, a PE ratio of 3.46, a P/E/G ratio of 1.00 and a beta of 1.41. The firm’s 50-day simple moving average is $11.63 and its two-hundred day simple moving average is $13.51.

Volkswagen (OTCMKTS:VWAGY) last released its earnings results on Thursday, August 1st. The company reported $0.67 earnings per share (EPS) for the quarter. Volkswagen had a return on equity of 7.79% and a net margin of 4.60%. The firm had revenue of $89.71 billion for the quarter. As a group, analysts predict that Volkswagen AG will post 3.1 EPS for the current year.

About Volkswagen

Volkswagen AG manufactures and sells automobiles in Germany, Europe, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment engages in the development of vehicles, engines, and vehicle software; produces and sells passenger cars and light commercial vehicles, and related parts; and offers motorcycles.