In yesterday’s Wall Street session, Goodyear Tire & Rubber Co (NASDAQ:GT) shares traded at $8.90, up 0.11% from the previous session.
GT stock price is now -4.29% away from the 50-day moving average and -14.76% away from the 200-day moving average. The market capitalization of the company currently stands at $2.54B.
, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, MCGLADE JOHN E, Director bought 31,408 shares of the company’s stock on Aug 13 ’24. The stock was bought for $252,206 at an average price of $8.03. Upon completion of the transaction, the Director now directly owns 31,408 shares in the company, valued at $0.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, Director KOELLNER LAURETTE T bought 26,000 shares of the business’s stock. A total of $205,400 was incurred on buying the stock at an average price of $7.90. This leaves the insider owning 26,000 shares of the company worth $0.23 million. A total of 7.77% of the company’s stock is owned by insiders.
During the past 12 months, Goodyear Tire & Rubber Co has had a low of $7.27 and a high of $14.97. As of last week, the company has a debt-to-equity ratio of 2.12, a current ratio of 1.14, and a quick ratio of 0.65. The fifty day moving average price for GT is $9.2868 and a two-hundred day moving average price translates $10.4604 for the stock.
The latest earnings results from Goodyear Tire & Rubber Co (NASDAQ: GT) was released for 2024-09-30. The net profit margin was -1.56% and return on equity was -6.10% for GT. The company reported revenue of $4.82 billion for the quarter, compared to $5.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.18 percent.
