Goodyear Tire & Rubber Co. (NASDAQ:GT) shares traded -2.65% lower at $7.70 on Wall Street last session.
GT stock price is now -31.62% away from the 50-day moving average and -39.08% away from the 200-day moving average. The market capitalization of the company currently stands at $2.19B.
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With the price target of $14, Morgan Stanley recently initiated with Equal-Weight rating for Goodyear Tire & Rubber Co. (NASDAQ: GT). On December 04, 2023, HSBC Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $16.80, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, Delaney Christopher R, President, EMEA bought 18,292 shares of the company’s stock on Aug 06 ’24. The stock was bought for $149,994 at an average price of $8.20. Upon completion of the transaction, the President, EMEA now directly owns 165,469 shares in the company, valued at $1.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28 ’24, EVP & Chief Admin. Officer WELLS DARREN R sold 8,509 shares of the business’s stock. A total of $100,579 was realized by selling the stock at an average price of $11.82. This leaves the insider owning 150,441 shares of the company worth $1.16 million. A total of 0.75% of the company’s stock is owned by insiders.
During the past 12 months, Goodyear Tire & Rubber Co. has had a low of $7.66 and a high of $15.24. As of last week, the company has a debt-to-equity ratio of 2.02, a current ratio of 1.06, and a quick ratio of 0.54. The fifty day moving average price for GT is $11.1774 and a two-hundred day moving average price translates $12.61845 for the stock.
The latest earnings results from Goodyear Tire & Rubber Co. (NASDAQ: GT) was released for 2024-06-30. The net profit margin was -1.82% and return on equity was -7.18% for GT. The company reported revenue of $4.57 billion for the quarter, compared to $4.87 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.1 percent.
