Toyota Motor Corporation (ADR) (NYSE:TM) reported that it would aims to gain from Bayerische Motoren Werke AG (FRA:BMW) expertise in sports cars as a partnership on latest powering systems increases to comprise auto components and high-performance automobiles.
Toyota Motor reported at a press conference at BMW’s, the world’s biggest luxury carmaker, Munich headquarters that the carmakers would collaborate on developing fuel cells, lightweight materials and electric power trains according to a memorandum of understanding signed on Friday.
Toyota President Akio Toyoda reported at the briefing the German company’s chief executive officer Norbert Reithofer that BMW knows how to make a car perform. Toyoda reported that Toyota’s strength in hybrid-powered models and fuel cells would assist BMW, and he was the one who desperately looking forward to a sports car that is environmentally friendly.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Ford Motor Company (NYSE:F) decreased -4.96% to settle at $9.59, Honda Motor Co Ltd (ADR) (NYSE:HMC) moved up +4.15% to end at $34.66 while General Motors Company (NYSE:GM) plunged -0.50% to finish on Friday at $19.72.
Toyota Motor Corporation (ADR) (NYSE:TM) last session volume of 796,951.00 shares was higher than its average volume of 351,870.00 shares. The stock after opening at $80.27 hit high price of $80.50 and then closed at $80.48 by scoring +3.13%.
The liquidity measure in recent quarter results of the company was recorded 1.05 as current ratio and on the other side the debt to equity ratio was 1.14 and long-term debt to equity ratio also remained 0.57. The Company had total cash at hand $28.48 billion and a book value per share as $83.61 in the most recent quarter.
The stock price volatility was 0.85% for a week and 1.11% for a month as well as price volatility’s Average True Range for 14 days was 1.08.
TM generated revenue of 231.14 billion in the following twelve months and earned $3.53 billion. The Company showed a positive 0.92% in the net profit margin and as well as in its operating margin which remained 1.91%. Company’s annual sales growth for the past five year was -4.95%.
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