Garrett Motion Inc. (NYSE:GTX) shares 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 traded.
Separately, BWS Financial began coverage on shares of Garrett Motion in a research note on Thursday, June 3rd. They issued a “buy” rating for the company.
The company has a 50-day moving average price of $6.27. The firm has a market cap of $605.75 million, a PE ratio of -7.53 and a beta of 2.25.
A hedge fund recently bought a new stake in Garrett Motion stock. Tudor Investment Corp Et Al acquired a new position in Garrett Motion Inc. (NYSE:GTX) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 36,738 shares of the company’s stock, valued at approximately $191,000. 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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