Spirit Aerosystems Holdings Inc. (NYSE:SPR) plunged to historic lows following reporting $590 million in charges as it strives to make and construct parts for different new jets, counting Boeing Co. (NYSE:BA)’s Dreamliner, all at once.
The firm reported on Friday that it no more thinks that it can meet its financial estimates following Boeing’s hold ups on the 787 meant the development and creation ramp-up struck with other new models Spirit had decided to help construct.
Its competitors include Lockheed Martin Corporation (NYSE:LMT) that slipped -1.05% to $92.56 with the total traded volume of 825,601.00 shares and Intel Corporation (NASDAQ:INTC) that increased +0.88% to $21.88 with the total traded volume of 29.02 million shares.
Other Industrial Goods stocks with bullish trend include PulteGroup, Inc. (NYSE:PHM) up +0.41% to $17.08, Joy Global Inc. (NYSE:JOY) up +3.06% to $61.57 and TASER International, Inc. (NASDAQ:TASR) up +21.28% to $7.75, whereas with bearish trend include General Electric Company (NYSE:GE) down -0.66% to $21.12, Standard Pacific Corp. (NYSE:SPF) down -11.94% to $6.82 and Hovnanian Enterprises, Inc.(NYSE:HOV) down -3.61% to $4.27.
Spirit AeroSystems Holdings, Inc (NYSE:SPR) dropped -2.71% or -$0.41 to trading at $14.70 following it hit intra day high level of $15.34. The total traded volume in the current trading session is 3.77 million shares as compared to average 1.90 million shares. Its fifty two week trading range is $14.34 – $26.00. The total market capitalization reached $2.11 billion.
The stock price was ahead its 52 week low price with +3.21% and it lagged behind -43.08% from its 52 week maximum mark. Stock price volatility for last month remained 3.14%. In its share capital, the company has 143.67 million outstanding shares out of which 119.05 million shares have been floated in the market. For now, stock ownership with company’s management remained 1.18%.
SPR presented a pessimistic weekly performance of -33.93% with respect to its rate of return and it remained -32.09% for the month. However, the performance for a quarter experienced a negative change of -35.29% and it slumped -7.70% for a year and its year to date performance remained in red with -27.29%.
Current stock price is in the downbeat territory taking into account of 20 days moving average with -32.05% and continued pessimistic run for 50 days moving average with -36.55%. Its earning per share for the past twelve months was $1.66. Company’s beta coefficient was at 1.37. Beta measures the amount of market risk associated with market trade.
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