General Motors Company (NYSE:GM), based in Detroit, reported that its European Opel business celebrated its 150th anniversary on Saturday as behind the scenes a overhauled management team directed by General Motors Vice Chairman Steve Girsky and Opel’s new interim chief executive officer Thomas Sedran is pushing to make a new restructuring plan amid escalating headwinds for the brand.
General Motors earlier reported that the company and the Canadian Auto Workers made a tentative four-year labor deal, avoiding a strike and leaving Chrysler Group LLC as the last of the key United States automakers without a union agreement.
The deal is subject to a ratification vote by Canadian Auto Workers members.
Shifting reader’s focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Ford Motor Company (NYSE:F) fell -0.38% to settle at $10.40, Toyota Motor Corporation (ADR) (NYSE:TM) moved -0.54% to end at $81.50 while Tesla Motors Inc. (NASDAQ:TSLA) dropped -2.85% to finish at $30.02 on Friday.
General Motors Company’s (NYSE:GM) last session’s volume of 12.22 million shares was surprisingly higher than its average volume of 8.49 million shares. The stock after opening at $24.54 hit high price of $24.89 and then closed at $24.80 by scoring +1.56%.
The liquidity measure in recent quarter results of the company was recorded 1.24 as current ratio and on the other side the debt to equity ratio was 0.36 and long-term debt to equity ratio also remained at 0.24. The Company had total cash of $32.61 billion at hand and a book value per share as $19.36 in the most recent quarter.
The stock’s price volatility was 2.07 % for a week and 2.35% for a month as well as price volatility’s Average True Range for 14 days was 0.62.
GM generated revenue of $150.08 billion in the previous twelve months and earned $4.69 billion. The Company showed a positive 3.13% in the net profit margin as well as in its operating margin which remained at 3.39%.
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