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Stock News Buzz: The Goodyear Tire & Rubber Company (NASDAQ:GT)

The Goodyear Tire & Rubber Company (NASDAQ:GT) changed 11.01% to recent value of $6.35. The stock transacted 7279483 shares during most recent day however it has an average volume of 6.00M shares. It spotted trading -69.32% off 52-week high price. On the other end, the stock has been noted 55.26% away from the low price over the last 52-weeks.

On April 7, 2020, The Goodyear Tire & Rubber Company (NASDAQ:GT) notified the re-election of 12 members of the Board of Directors to new one-year terms at the company’s virtual annual shareholder meeting yesterday.

In addition, shareholders voted in favor of an advisory resolution approving the compensation of its named executive officers and voted to ratify the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for 2020.  A shareholder proposal was not approved.

Goodyear is one of the world’s largest tire companies. It employs about 63,000 people and manufactures its products in 47 facilities in 21 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. GT has a gross margin of 21.30% and an operating margin of 3.10% while its profit margin remained -2.10% for the last 12 months. Its earnings per share (EPS) expected to touch remained -145.50% for this year while earning per share for the next 5-years is expected to reach at 2.41%.

The company has 248.66M of outstanding shares and 232.03M shares were floated in the market. According to the most recent quarter its current ratio was 1.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 5.99% from the mean of 20 days, -31.43% from mean of 50 days SMA and performed -51.94% from mean of 200 days price. Company’s performance for the week was 9.11%, -16.56% for month and YTD performance remained -59.18%.

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