Navistar International Corp (NYSE:NAV) is anticipated to announce soon that it is retreating from the pollution-reduction technology for its engines that has evaluated on the United States truck manufacturer’s sales and brought it into quarrel with federal regulators, as said by a person with knowledge about the corporation’s plans.
The truck maker aims to adopt the similar process for treating diesel-engine emissions used by its competitors in an effort to overturn falling truck sales and regulatory doubt that has caused its stock price to fail and made the corporation the subject of takeover rumor.
The corporation’s plan marks a bold shift by its new president, Troy Clarke, to restore company’s truck business, but analysts care the change in strategy could take 6 to 9 months to implement.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. PACCAR Inc (NASDAQ:PCAR) increased +1.31% to settle at $38.81 Oshkosh Corporation (NYSE:OSK) moved up +4.92% to end at $21.53 while Wabash National Corporation (NYSE:WNC) jumped +2.92% to finish on Tuesday at $6.70.
Navistar International Corp (NYSE:NAV) last session volume of 3.29 million shares was surprisingly higher than its average volume of 4.20 million shares. The stock after opening at $27.70 hit high price of $29.10 and then closed at $29.04 by scoring +7.20%.
The liquidity measure in recent quarter results of the company was recorded 1.35 as current ratio. The Company had total cash at hand $681.00 million and a book value per share as -$6.68 in the most recent quarter.
The stock price volatility was 5.78% for a week and 9.33% for a month as well as price volatility’s Average True Range for 14 days was 2.12 and its beta remained 1.36.
NAV generated revenue of 14.21 billion in the following twelve months and earned $1.33 billion. The Company showed a negative 9.73% in the net profit margin and as well as in its operating margin which remained -1.73%. Company’s annual sales growth for the past five year was -0.34%.
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