General Motors (NYSE:GM) Is Exploring Opportunities With French Automaker Psa Group- Goodyear Tire & Rubber (NASDAQ:GT)

General Motors Company (NYSE:GM) [Trend Analysis] swings ardently in active trading session, it knocks down of -1.15% to close at $36.84. CEO of General Motors (GM) Mary Barra said on Tuesday Detroit automaker is exploring opportunities with French automaker PSA Group, but declined to discuss a potential sale of its money-losing European Opel unit.

At the Economic Club of Washington, Barra did not address in detail the talks with Peugeot that became public two weeks ago and refused to say when the largest U.S. automaker might decide whether to sell Opel, which has lost money for 16 straight years, to Peugeot. “We’ve done a lot to improve the business but we’re exploring opportunities to see if we can accelerate that even more because scale does matter in this business,” she said. “We’re continuing the dialogue.”

Barra also said that the automaker backs corporate tax reform, but raised concerns about a Republican “border adjustment” tax proposal. “If not done very thoughtfully it could be problematic,” she said, saying tax reform needs to avoid “unintended consequences.” The planned border adjustment tax would impose a 20 percent tax on imported goods while providing write-offs for goods that are exported. Some automakers have raised concerns about the tax, especially because all U.S.-built vehicles include a important number of foreign-produced parts.

The stock price of firm is moving up from its 20 days moving average with 0.98% and remote isolated positively from 50 days moving average with 0.88%. (Full [FREE Analysis] of NYSE:GM And Be Sure To Notice The Intermediate Period)

Moving toward the volatility measures, the price volatility of stock was 1.61% for a week and 1.83% for a month as well as price volatility’s Average True Range for 14 days was 0.77. The beta, which indicates risk in relegation to the market, remained 1.30. The firm past twelve months price to sales ratio was 0.33 and price to cash ratio remained 2.25. As far as the returns are concern, the return on equity was recorded as 21.80% and return on investment was 5.50% while its return on asset stayed at 4.40%.

The Goodyear Tire & Rubber Company (NASDAQ:GT) [Trend Analysis] considering as most desiring stocks in active trading lead, shares inched down after opening to trade at $35.05 with volume of 3.47 Million shares.

GT is ahead its 52-week low with 45.46%and going down from its 52-week high price with -4.26%. The company’s shares performance for the last one month was 12.30% and -3.42% in the previous week. As the revenues measures, firm has operation margin of 10.00% in the following twelve months with net profit margin of positive 8.30%. The Company showed a positive 8.30% in the net profit margin. Company’s annual sales growth for the past five year was -7.80%.

For latest Market Updates Subscribes Here

 

David Andrews

David Andrews is a business writer covering the Technology and Energy Sectors. He is also a management columnist, author, speaker, and business owner. You can reach Andrews at David.Andrews@senecaglobe.com

Leave a Reply

Your email address will not be published. Required fields are marked *