Volkswagen (ETR:VOW3) Share Price Passes Above 200-Day Moving Average – Here’s Why

Volkswagen AG (ETR:VOW3)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €94.43 and traded as high as €107.30. Volkswagen shares last traded at €104.75, with a volume of 1,768,865 shares traded.

Volkswagen Price Performance

The stock has a market capitalization of $57.22 billion, a PE ratio of 4.39, a price-to-earnings-growth ratio of 0.56 and a beta of 1.23. The stock’s 50 day moving average price is €93.79 and its 200-day moving average price is €94.43. The company has a quick ratio of 0.91, a current ratio of 1.15 and a debt-to-equity ratio of 111.17.

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.