CL King initiated General Cable Corporation (NYSE:BGC) on Thursday, December 1 with "Neutral" rating. Its opening price on the last trading day was $21.8. The company's beta value is at 2.92. A lower P/B ratio could mean that the stock is undervalued. General Cable's revenue for the quarter was up 7.5% on a year-over-year basis. The stock ended last trade at $21.80 a share and the price is up more than 14.44% so far this year. Stock's distance from 52 week High is 27.77% and the distance from 52 week Low is 96.99%. The day's total volume of 12206027 this morning is in contrast from the three-month daily average of 1462.23K. The relative volume of the stock is 27.9. Over the past month the firm's stock is 40.91%, 71.72% for the last quarter, 71.72% for the past six-months and 53.79% for the previous year. The stock's quarterly performance indicates a positive momentum of 71.72 percent, whereas its last one month trend is optimistic with 40.91 percent.
Profitability analysis helps a great deal in making investment decision. The company's net profit margin has achieved the current level of -4.7 percent and possesses 10.7 percent gross margin.
Liquidity ratios help investors to determine a company's ability to pay off its debts. Its sales stood at -8.00% a year on average in the period of last five years.
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Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also helps in determining where it may be possibly heading.
The company's diluted EPS for trailing twelve months was -3.56. A total number of 1 analysts provided estimations over revenues. The industrial products company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.08.
EPS Growth this year is 24.1 percent. While for the next 5 years, the growth estimate is 10%.
Letting others grab General Cable could have put Prysmian under pressure in some markets, especially North America, where it generates 15 percent of its sales. The return on equity ratio or ROE stands at -126.8 percent while most common profitability ratio return on investment (ROI) was -1.3 percent. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time. The company maintains price to book ratio of 9.03 vs.an industry average at 3.71.
The stock of General Cable Corporation (NYSE:BGC) hit a new 52-week high and has $30.33 target or 3.00 % above today's $29.45 share price.
The transaction, which has been unanimously approved by each company's Board of Directors and recommended to its shareholders by General Cable's Board of Directors, is expected to close by the third quarter of 2018, subject to the approval of General Cable's shareholders representing at least a majority of the outstanding shares, regulatory approvals, and other customary conditions. In the past year there have been a total of 26 insider trades, including 15 open market buys and 11 sells.
Separately, BidaskClub cut shares of General Cable from a "hold" rating to a "sell" rating in a research note on Wednesday, August 23rd.
Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.
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