Volkswagen (OTCMKTS:VWAGY) Shares Up 1.5% – Time to Buy?

Volkswagen AG (OTCMKTS:VWAGY)’s share price shot up 1.5% during trading on Friday . The company traded as high as $10.45 and last traded at $10.37. 259,632 shares changed hands during trading, an increase of 12% from the average session volume of 230,822 shares. The stock had previously closed at $10.22.

Wall Street Analysts Forecast Growth

VWAGY has been the subject of several analyst reports. Dbs Bank raised Volkswagen to a “hold” rating in a research note on Tuesday, October 1st. Royal Bank of Canada lowered Volkswagen from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Volkswagen Stock Performance

The firm has a fifty day simple moving average of $9.27 and a 200 day simple moving average of $10.34. The company has a market capitalization of $51.98 billion, a PE ratio of 3.93, a P/E/G ratio of 1.03 and a beta of 1.34.

Volkswagen (OTCMKTS:VWAGY) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter. Volkswagen had a return on equity of 6.37% and a net margin of 3.77%. The business had revenue of $86.25 billion for the quarter. Research analysts expect that Volkswagen AG will post 2.53 EPS for the current fiscal year.

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.