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

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

Analyst Upgrades and Downgrades

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

Volkswagen Price Performance

The stock has a market cap of $53.24 billion, a PE ratio of 3.46, a PEG ratio of 1.00 and a beta of 1.41. The firm has a 50-day moving average of $11.65 and a 200-day moving average of $13.54.

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

Volkswagen Company Profile

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.