German stock alert
Afternoon Alert: Porsche Automobile lifts 2.3% 18 October 2017 13:14 CEST
NEWS BITES - EUROPE
Porsche Automobil Holding SE (ETR:PAH3) traded on volume of 0.2 times average so far today while the price lifted EUR1.33 (or 2.3%) to trade at EUR58.38.
Current indications of bullish signals that support the trend in the unusual trading:
+ The positive 1.62 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ In the Xetra market, the preference stock's relative price strength percentile is improving at 68 for 6 months, 70 for 3 months and 87 for 1 month.
+ In the last three months the preference stock has hit a new 52-week high once.
Other Bullish Signals include:
+ Interest cover is less leveraged at 70.1 times.
+ Total Liabilities/EBITDA of 0.3 is comfortably below the Joseph Piotroski benchmark of <5.
+ Tobin's Q Ratio is 0.3. Compared with the rest of the market the preference stock is undervalued.
+ Return on Assets, Return on Equity and Return on Capital Employed have shown signs of recovery in recent years.
As per the Du Pont analysis, Return on Equity is less than stellar at 4.9%.
The 0.2% discount to 12-month high of EUR58.50 against the 35.0% premium to 12-month low of EUR43.25 suggests the climb might be peaking.
Porsche Automobil Holding SE (DE:PAH3; ETR:PAH3; GR:PAH3)