Barclays Downgrades Porsche Automobil (OTCMKTS:POAHY) to Strong Sell

Porsche Automobil (OTCMKTS:POAHY) was downgraded by equities researchers at Barclays from a “hold” rating to a “strong sell” rating in a research note issued on Thursday, Zacks.com reports.

Separately, Sanford C. Bernstein initiated coverage on Porsche Automobil in a research note on Tuesday, August 20th. They issued a “market perform” rating for the company.

Porsche Automobil Stock Up 1.2 %

Porsche Automobil stock traded up $0.05 during mid-day trading on Thursday, reaching $4.32. The company’s stock had a trading volume of 292,057 shares, compared to its average volume of 271,607. Porsche Automobil has a 12 month low of $4.12 and a 12 month high of $5.58. The business’s 50 day simple moving average is $4.38 and its 200 day simple moving average is $4.81.

About Porsche Automobil

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.