Stocks of Goodyear Tire & Rubber Co. (NASDAQ:GT) traded higher last session on Wall Street, down -2.33% to $7.95.
GT stock price is now -21.03% away from the 50-day moving average and -35.27% away from the 200-day moving average. The market capitalization of the company currently stands at $2.26B.
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On June 13, 2024, Morgan Stanley recently initiated its ‘Equal-Weight’ rating on the stock quoting a target price of $14, while ‘HSBC Securities’ rates the stock as ‘Buy’
In other news, MCGLADE JOHN E, Director bought 31,408 shares of the company’s stock on Aug 13 ’24. The stock was bought for $252,206 at an average price of $8.03. Upon completion of the transaction, the Director now directly owns 31,408 shares in the company, valued at $0.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, Director KOELLNER LAURETTE T bought 26,000 shares of the business’s stock. A total of $205,400 was incurred on buying the stock at an average price of $7.90. This leaves the insider owning 26,000 shares of the company worth $0.21 million. A total of 0.77% of the company’s stock is owned by insiders.
During the past 12 months, Goodyear Tire & Rubber Co. has had a low of $7.63 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 $10.0668 and a two-hundred day moving average price translates $12.28085 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.
