Federal-Mogul Holdings Corp. (FDML) Sees Large Volume Increase
Resource from: Daily Political Likes:298
Jul 11,2016
Federal-Mogul Holdings Corp. logoFederal-Mogul Holdings Corp. (NASDAQ:FDML) saw unusually-strong trading volume on Friday . Approximately 174,875 shares traded hands during mid-day trading, a decline of 24% from the previous session’s volume of 231,591 shares.The stock last traded at $8.53 and had previously closed at $8.32.
A number of research analysts have recently issued reports on FDML shares. FBR & Co lifted their price objective on shares of Federal-Mogul Holdings Corp. from $7.00 to $8.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, June 21st. Zacks Investment Research downgraded shares of Federal-Mogul Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Finally, TheStreet raised shares of Federal-Mogul Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, March 24th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. Federal-Mogul Holdings Corp. has a consensus rating of “Hold” and a consensus target price of $9.92.
The company’s market cap is $1.50 billion. The firm has a 50 day moving average of $8.39 and a 200-day moving average of $7.54.
Federal-Mogul Holdings Corp. (NASDAQ:FDML) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. The company earned $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the company earned $0.25 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. On average, analysts expect that Federal-Mogul Holdings Corp. will post $1.10 earnings per share for the current year.
A number of institutional investors recently added to or reduced their stakes in the company. Teton Advisors Inc. boosted its position in Federal-Mogul Holdings Corp. by 2.9% in the fourth quarter. Teton Advisors Inc. now owns 280,047 shares of the company’s stock worth $1,918,000 after buying an additional 8,000 shares in the last quarter. Morgan Stanley boosted its position in Federal-Mogul Holdings Corp. by 21.4% in the fourth quarter. Morgan Stanley now owns 243,531 shares of the company’s stock worth $1,668,000 after buying an additional 42,882 shares in the last quarter. Gabelli Funds LLC boosted its position in Federal-Mogul Holdings Corp. by 3.5% in the fourth quarter. Gabelli Funds LLC now owns 1,917,375 shares of the company’s stock worth $13,134,000 after buying an additional 65,540 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in Federal-Mogul Holdings Corp. by 52.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 244,555 shares of the company’s stock worth $1,676,000 after buying an additional 84,555 shares in the last quarter.
Federal-Mogul Holdings Corp, formerly Federal-Mogul Corporation, is a global supplier of technology and innovation in vehicle and industrial products for fuel economy, emissions reduction and safety systems. The Company serves original equipment manufacturers (OEM) and servicers (OES) (collectively OE) of automotive, light, medium and heavy-duty commercial vehicles, off-road, agricultural, marine, rail, aerospace, power generation and industrial equipment, as well as the worldwide aftermarket.
(Daily Political)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
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