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

Shares of Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $8.98 and last traded at $9.01, with a volume of 471884 shares changing hands. The stock had previously closed at $9.29.

Analysts Set New Price Targets

Separately, Citigroup reiterated a “buy” rating on shares of Volkswagen in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Volkswagen Price Performance

The company has a market cap of $45.17 billion, a PE ratio of 6.39, a P/E/G ratio of 0.25 and a beta of 1.03. The company has a 50-day moving average price of $10.43 and a two-hundred day moving average price of $11.20.

Volkswagen (OTCMKTS:VWAGY) last announced its earnings results on Thursday, April 30th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.11). The company had revenue of $88.75 billion for the quarter, compared to analysts’ expectations of $91.84 billion. Volkswagen had a net margin of 1.96% and a return on equity of 3.18%. On average, equities research analysts anticipate that Volkswagen AG Unsponsored ADR will post 2.23 earnings per share for the current year.

About Volkswagen

Volkswagen AG is one of the world’s largest integrated automakers, headquartered in Wolfsburg, Germany. Founded in 1937 to produce a mass-market “people’s car,” the company expanded through the post-war period into a global automotive group. Volkswagen’s operations encompass the design, engineering, manufacture and distribution of a broad range of passenger cars and light commercial vehicles, and the company’s consolidated brand portfolio includes Volkswagen Passenger Cars, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and other marques operated across its group structure.

In addition to vehicle production, Volkswagen provides a range of automotive-related products and services, including powertrain technologies, component manufacturing, mobility services and vehicle financing and leasing through its Volkswagen Financial Services unit.