Volkswagen (OTCMKTS:VWAGY) Trading Down 0.6% – Should You Sell?

Volkswagen AG (OTCMKTS:VWAGY) fell 0.6% during mid-day trading on Friday . The stock traded as low as $10.90 and last traded at $10.97. 45,330 shares were traded during mid-day trading, a decline of 80% from the average session volume of 232,246 shares. The stock had previously closed at $11.04.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VWAGY. Sanford C. Bernstein raised shares of Volkswagen to a “hold” rating in a research report on Thursday, May 1st. Citigroup reissued a “buy” rating on shares of Volkswagen in a report on Thursday, April 3rd. Morgan Stanley raised shares of Volkswagen from an “underweight” rating to an “equal weight” rating in a research note on Friday, April 25th. Finally, UBS Group upgraded Volkswagen from a “strong sell” rating to a “hold” rating in a report on Monday, March 17th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Volkswagen Stock Down 0.6%

The stock has a market cap of $55.00 billion, a P/E ratio of 4.16, a PEG ratio of 1.03 and a beta of 1.30. The firm’s fifty day moving average price is $10.76 and its 200-day moving average price is $10.28.

Volkswagen (OTCMKTS:VWAGY) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.04). The company had revenue of $88.29 billion during the quarter, compared to the consensus estimate of $86.25 billion. Volkswagen had a net margin of 3.77% and a return on equity of 6.37%. Sell-side analysts predict that Volkswagen AG will post 2.53 earnings per share for the current year.

Volkswagen Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.4419 per share. This represents a dividend yield of 3.79%. The ex-dividend date of this dividend is Tuesday, May 20th. Volkswagen’s dividend payout ratio (DPR) is presently 22.61%.

Volkswagen Company Profile

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.