Shares of Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $10.78, but opened at $11.44. Volkswagen shares last traded at $11.41, with a volume of 69,453 shares trading hands.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on VWAGY. Morgan Stanley raised shares of Volkswagen from an "underweight" rating to an "equal weight" rating in a research note on Friday, April 25th. Citigroup reissued a "buy" rating on shares of Volkswagen in a research note on Thursday, April 3rd. Finally, Sanford C. Bernstein upgraded Volkswagen to a "hold" rating in a report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold".
Read Our Latest Stock Analysis on VWAGY
Volkswagen Stock Performance
The firm's 50 day moving average price is $10.85 and its two-hundred day moving average price is $10.74. The firm has a market cap of $59.80 billion, a PE ratio of 5.99, a PEG ratio of 0.86 and a beta of 1.27.
Volkswagen (OTCMKTS:VWAGY - Get Free Report) last posted its earnings results on Friday, July 25th. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.08). Volkswagen had a net margin of 2.84% and a return on equity of 4.73%. On average, analysts forecast that Volkswagen AG Unsponsored ADR will post 2.53 earnings per share for the current year.
Volkswagen Cuts Dividend
The business also recently declared a dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st were paid a $0.4419 dividend. This represents a dividend yield of 3.79%. The ex-dividend date was Tuesday, May 20th. Volkswagen's dividend payout ratio (DPR) is 22.61%.
About Volkswagen
(
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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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