Volkswagen (ETR:VOW3) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

Key Points

• Volkswagen AG (ETR:VOW3) has surpassed its 200-day moving average of €95.96, trading at €99.04, indicating potential price momentum.
• The company maintains a market capitalization of $53.32 billion and has a low price-to-earnings ratio of 4.10, suggesting it may be undervalued.
• Volkswagen's financial metrics include a debt-to-equity ratio of 111.17, highlighting a significant level of leverage in its capital structure.

Shares of Volkswagen AG (ETR:VOW3 - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of €95.96 ($112.89) and traded as high as €100.00 ($117.65). Volkswagen shares last traded at €99.04 ($116.52), with a volume of 791,828 shares.

Volkswagen Price Performance

The business has a 50 day moving average of €95.54 and a 200 day moving average of €95.98. The company has a market cap of $55.18 billion, a PE ratio of 4.24, a price-to-earnings-growth ratio of 0.56 and a beta of 1.23. The company has a debt-to-equity ratio of 111.17, a current ratio of 1.15 and a quick ratio of 0.91.

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.