Garrett Motion Inc. (NYSE:GTX)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $7.68, but opened at $7.98. Garrett Motion shares last traded at $7.99, with a volume of 300 shares changing hands.
Separately, BWS Financial initiated coverage on shares of Garrett Motion in a report on Thursday, June 3rd. They issued a “buy” rating on the stock.
The firm has a market capitalization of $605.75 million, a P/E ratio of -7.53 and a beta of 2.25. The company’s fifty day simple moving average is $6.27.
A hedge fund recently bought a new stake in Garrett Motion stock. Amundi Pioneer Asset Management Inc. bought a new stake in Garrett Motion Inc. (NYSE:GTX) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,666 shares of the company’s stock, valued at approximately $98,000. Institutional investors own 1.06% of the company’s stock.
Garrett Motion Company Profile (NYSE:GTX)
Garrett Motion Inc designs, manufactures, and sells turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers, and vehicle independent aftermarkets worldwide. The company offers light vehicle gasoline and diesel, and commercial vehicle turbochargers; and automotive software solutions.
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