Safran to Acquire General Electric’s (NYSE:GE) Remaining 19% Stake in Morpho Detection – PHG, TOL, PHM, LEN, MAS, HOV, CWST, C

Safran SA reported on Tuesday that it has decided to acquire the remaining 19% stake owned by General Electric Company (NYSE:GE) in Morpho Detection Inc, a United States company specialized in systems that can sense explosives, narcotics and chemicals.

French aerospace supplier Safran reported that the company will pay 90 million Euros or $117.3 million for General Electric’s shareholding and will support the investment from its cash reserves.

Morpho Detection is the world’s major supplier of systems for sensing explosives in checked baggage.

General Electric, the biggest United States wind manufacturer, on Monday that it expects yearly turbine sales of around $1 billion in Brazil for the next decade.

Its competitors include Koninklijke Philips Electronics NV (ADR) (NYSE:PHG) that surged +1.39% to $26.27 with the total traded volume of 200,616.00 shares and Citigroup Inc. (NYSE:C) that increased +0.44% to $34.37 with the total traded volume of 7.57 million shares.

Other Industrial Goods stocks with bullish trend include Toll Brothers Inc (NYSE:TOL) up 1.05% to $32.77, PulteGroup, Inc. (NYSE:PHM) up 0.77% to $17.08 and Lennar Corporation (NYSE:LEN) up +0.19% to $37.88, whereas with bearish trend include Masco Corporation (NYSE:MAS) down -1.08% to $16.48, Hovnanian Enterprises, Inc. (NYSE:HOV) down -0.58% to $5.14 and Casella Waste Systems Inc. (NASDAQ:CWST) down -4.64% to $4.11.

General Electric Company (NYSE:GE) after opening at $20.87 hit high price of $21.01 and then trading at $20.94 by surging +0.58% and on current session volume of 5.77 million shares is lower than its average volume of 44.17 million shares.

The stock price volatility was 1.98% for a week and 1.81% for a month as well as price volatility’s Average True Range for 14 days was 0.39 and its beta remained 1.62.

The liquidity measure in recent quarter results of the company was the debt to equity ratio was 3.52 and long-term debt to equity ratio also remained 2.54. The Company had total cash at hand $85.46 billion and a book value per share as $11.69 in the most recent quarter.

GE generated revenue of 146.01 billion in the following twelve months and earned $14.27 billion. The Company showed a positive 9.90% in the net profit margin and as well as in its operating margin which remained 11.38%. Company’s annual sales growth for the past five year was -0.57%.

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