Porsche Automobil (ETR:PAH3) Shares Down 0.1% - Here's Why

Key Points

• Porsche Automobil Holding SE shares dipped by 0.1%, closing at €36.25 ($42.65) after trading as low as €35.90 ($42.24) during the day.
• The trading volume of 295,338 shares marked a significant decline of 41% compared to the average volume of 502,739 shares.
• Porsche operates as an automobile manufacturer, involved in investments across mobility and industrial technology, with well-known brands under its portfolio including Volkswagen, Audi, and Lamborghini.

Porsche Automobil Holding SE (ETR:PAH3 - ) traded down 0.1% during mid-day trading on Wednesday . The stock traded as low as €35.90 ($42.24) and last traded at €36.25 ($42.65). 295,338 shares traded hands during trading, a decline of 41% from the average session volume of 502,739 shares. The stock had previously closed at €36.30 ($42.71).

Porsche Automobil Trading Down 0.1%

The firm's 50-day moving average price is €35.62 and its 200-day moving average price is €35.67. The stock has a market capitalization of $11.57 billion, a PE ratio of 3.05, a PEG ratio of 2.65 and a beta of 1.31.

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.

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