Volkswagen (OTCMKTS:VWAGY – Get Free Report) issued its earnings results on Wednesday. The company reported $0.27 earnings per share for the quarter, reports. Volkswagen had a net margin of 3.77% and a return on equity of 6.37%. The firm had revenue of $86.25 billion for the quarter.
Volkswagen Price Performance
Shares of OTCMKTS:VWAGY opened at $9.90 on Friday. The company’s fifty day moving average price is $10.76 and its 200-day moving average price is $12.27. The firm has a market capitalization of $49.63 billion, a price-to-earnings ratio of 3.84, a PEG ratio of 1.05 and a beta of 1.41. Volkswagen has a one year low of $9.80 and a one year high of $16.48.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on VWAGY. Barclays upgraded shares of Volkswagen to a “strong-buy” rating in a report on Monday, September 23rd. Dbs Bank raised shares of Volkswagen to a “hold” rating in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.
About Volkswagen
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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