Porsche Automobil (OTCMKTS:POAHY) Share Price Crosses Below 50 Day Moving Average - Here's Why

Key Points

• Porsche Automobil Holding SE shares slipped below their 50-day moving average on Friday, with the stock trading as low as $3.665 versus a 50-day average of $3.73.
• The ADR last traded at $3.70 on volume of 169,343 shares, and the article notes the stock was up 1.6% intraday despite the technical breach.
• Porsche Automobil has a strong liquidity profile, with a debt-to-equity ratio of 0.18 and both current and quick ratios at 9.94; it mainly functions as a holding company with a major stake in Volkswagen AG.

Porsche Automobil Holding SE Unsponsored ADR (OTCMKTS:POAHY - )'s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.73 and traded as low as $3.6650. Porsche Automobil shares last traded at $3.70, with a volume of 169,343 shares trading hands.

Porsche Automobil Trading Up 1.6%

The business has a 50-day simple moving average of $3.73 and a two-hundred day simple moving average of $4.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 9.94 and a quick ratio of 9.94.

About Porsche Automobil

Porsche Automobil Holding SE, trading in the United States as an OTC ADR under the symbol POAHY, is a German publicly traded holding company whose principal business activity is managing long-term equity investments in the global automotive sector. The company's core asset is a majority economic interest and significant voting control in Volkswagen AG, one of the world's leading automotive manufacturers. Through this stake, Porsche Automobil takes an active governance role across Volkswagen's portfolio of brands, including Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini and Porsche AG.

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