The Dearborn, Michigan-based Ford Motor Company (NYSE:F) reported that its pretax operating profit would be substantially lower in the Q2 partially due to overseas losses tripled from the year’s first quarter.
Ford Motor, the second major automaker in the United States, reported in a filing with the U.S. Securities and Exchange Commission on Thursday that Ford would be profitable and have positive operating cash flow in the quarter finishing June 30. Ford reported that it anticipates positive results from its North American operations, whereas pretax losses could reach $570 million in Europe, South America and Asia.
The automaker reported in the filing that their operations outside of North America were under high pressure.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Toyota Motor Corporation (ADR) (NYSE:TM) increased +2.31% to settle at $78.04, General Motors Company (NYSE:GM) moved up +0.81% to end at $19.82 while Honda Motor Co Ltd (ADR) (NYSE:HMC) surged +1.12% to finish on Thursday at $33.28.
Ford Motor Company (NYSE:F) on June 28, 2012 it increased +0.70% to the closing price of $10.09. The overall volume in the last trading session was 38.65 million shares. Its fifty two week range was $9.05-$14.22. The total market capitalization remained $38.51 billion.
Ford Motor Company is ahead its 52 week low with +12.38% and lagging behind from its 52 week high price with -28.44%. Ford Motor Company last month stock price volatility remained 2.42%. In its share capital Ford Motor Company has 3.82 billion outstanding shares among them 3.73 billion shares have been floated in market exchange. Ford Motor Company stock institutional ownership remained 55.19% while insider ownership included 0.39%.
The stock price of Ford Motor Company is moving down from its 20 days moving average with -2.39% and remote negatively from 50 days moving average with -5.12%. Ford Motor Company current year earnings per share experienced an addition with +197.00% while its current quarter performance remained -18.96%. Company’s beta coefficient included 2.36. Beta factors measures the amount of market risk associated with market trade.
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