Volkswagen (ETR:VOW3) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Volkswagen AG (ETR:VOW3)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of €92.39 ($96.24) and traded as high as €98.88 ($103.00). Volkswagen shares last traded at €97.82 ($101.90), with a volume of 929,093 shares changing hands.

Volkswagen Stock Performance

The firm has a market capitalization of $20.11 billion, a price-to-earnings ratio of 3.28, a PEG ratio of 0.56 and a beta of 1.23. The company has a debt-to-equity ratio of 133.70, a current ratio of 1.14 and a quick ratio of 0.91. The firm has a 50 day moving average price of €87.60 and a 200-day moving average price of €92.39.

Volkswagen Company Profile

Volkswagen AG manufactures and sells automobiles in Germany, Europe, 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. The Passenger Cars and Light Commercial Vehicles segment engages in the development of vehicles, engines, and vehicle software; produces and sells passenger cars and light commercial vehicles, and related parts; and offers motorcycles.