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Volkswagen (OTCMKTS:VWAGY) Sees Strong Trading Volume - Still a Buy?

Volkswagen logo with Auto/Tires/Trucks background

Key Points

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Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY - Get Free Report) saw an uptick in trading volume on Thursday . 825,850 shares changed hands during mid-day trading, an increase of 283% from the previous session's volume of 215,449 shares.The stock last traded at $11.79 and had previously closed at $11.73.

Wall Street Analyst Weigh In

Several research analysts have commented on VWAGY shares. Sanford C. Bernstein raised Volkswagen to a "hold" rating in a research report on Thursday, May 1st. Morgan Stanley raised Volkswagen from an "underweight" rating to an "equal weight" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Read Our Latest Stock Analysis on VWAGY

Volkswagen Price Performance

The firm has a market cap of $59.70 billion, a price-to-earnings ratio of 6.58, a P/E/G ratio of 0.74 and a beta of 1.30. The business's 50-day moving average price is $10.92 and its two-hundred day moving average price is $10.89.

Volkswagen (OTCMKTS:VWAGY - Get Free Report) last posted its earnings results on Friday, July 25th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.08). The company had revenue of $94.79 billion during the quarter, compared to the consensus estimate of $76.90 billion. Volkswagen had a net margin of 2.57% and a return on equity of 4.21%. Equities analysts predict that Volkswagen AG Unsponsored ADR will post 2.53 earnings per share for the current fiscal year.

Volkswagen Company Profile

(Get Free Report)

Volkswagen AG manufactures and sells automobiles in Germany, other European countries, 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.

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