Don’t Miss These Stocks of Industrial Goods: General Electric Company (NYSE:GE)

Shares of General Electric Company (NYSE:GE) gained 0.20% to $10.21 on Thursday. The share price is trading in a range of 10.10 – 10.34 (Price in Dollars).

The stock exchanged hands 103.24M shares versus average trading capacity of 134.15M shares, while its shares’ total market worth is $88.81B. General Electric Company (NYSE:GE) shares were trading -35.91% below from the 52-week high price mark of $15.93 and +53.30% above from the 52-week price bottom of $6.66. However the company observed 52 week high price on Apr 18, 2019 and witnessed 52 week low price on Apr 22, 2019.

The company employs 313000 people, over the last 12 months has generated revenue of $120.73 Billion and has a net income of $-28340.00 million.

The company’s EPS growth in prior 5 years was -3.50%. In the liquidity ratio analysis; current ratio was 0.00 while debt to equity ratio was 3.66.

GE (GE) declared that the Finance and Capital Allocation Committee of the GE Board of Directors has set a record date of February 14, 2019 for the spin-off of Transportation Systems Holdings Inc. (“SpinCo”), which will hold a portion of GE Transportation, a business unit of GE.

Subject to the satisfaction or waiver of customary closing conditions, on the distribution date for the spin-off, GE will distribute all of the shares of SpinCo common stock to GE shareholders as of the record date by means of a pro rata distribution. As previously announced, immediately following the spin-off, SpinCo will merge with a subsidiary of Wabtec Corporation (WAB), and SpinCo will continue as the surviving company. It is currently expected that 8.7 billion shares of SpinCo common stock will be distributed to GE shareholders as of the record date in connection with the spin-off, and each share of SpinCo common stock will be converted into the right to receive pursuant to the merger a number of shares of Wabtec common stock determined in accordance with the previously executed merger agreement. Based on the number of shares of GE common stock outstanding on December 31, 2018 and the number of shares of Wabtec common stock outstanding on a fully diluted basis as of such date, as a result of these transactions GE shareholders would receive approximately 0.005403 of a share of Wabtec common stock for each share of GE common stock held as of the record date.

The actual number of shares of Wabtec common stock that GE shareholders will receive with respect to each share of GE common stock will be determined based on the number of shares of GE common stock outstanding on the record date for the distribution and the number of shares of Wabtec common stock outstanding on a fully diluted basis immediately prior to the closing of the merger. No fractional shares of Wabtec common stock will be issued in the merger, and instead GE shareholders will receive cash in lieu of any fractional share.

The spin-off and the merger are currently expected to occur on February 25, 2019, subject to certain closing conditions being satisfied as of the closing date.

Upon completion of the merger, GE shareholders are expected to collectively own approximately 24.3% of the outstanding shares of Wabtec common stock, and current Wabtec shareholders are expected to collectively own approximately 50.8%. GE will own Wabtec common stock and Wabtec non-voting convertible preferred stock, which together represent approximately a 24.9% economic interest in Wabtec.

These percentages and the exchange ratio above are calculated on a fully-diluted, as-converted and as-exercised basis, and assume that the number of shares of Wabtec common stock outstanding on such basis immediately prior to the closing of the merger will be equal to the number of shares of Wabtec common stock outstanding on such basis as of December 31, 2018 and the number of shares of GE common stock outstanding on the record date for the distribution is equal to the number of shares outstanding on December 31, 2018.

No action is required by GE shareholders to receive their shares of Wabtec common stock in the merger. GE shareholders will not be required to surrender their shares or pay for any shares of Wabtec common stock that they receive and will retain all of their shares of GE common stock and associated rights.

General Electric Company institutional ownership is held at 56.40% while insider ownership was 0.14%. Its EPS was $-3.26 while outstanding shares of the company were 8.69 Billion. The Company’s Net profit margin was -27.50% while gross profit margin was 21.80%. GE last month stock price volatility remained 4.48%.

The stock is now trading at a distance of 13.87% from 20-day simple moving average. The company’s price sits 26.99% above from its 50-day moving average of $8.40 and -12.41% away from the stock’s 200-day moving average which is $10.50.

General Electric Company (NYSE:GE) currently has a PEG ratio of 0.00 where as its P/E ratio is 0.00. The company’s price to sales ratio for trailing twelve months is 0.74 and price to book ratio for most recent quarter is 2.82, whereas price to cash per share for the most recent quarter is 3.30. General Electric Company (NYSE:GE)’s price to free cash flow for trailing twelve months is 161.98. Its quick ratio for most recent quarter is 0.00 along with current ratio for most recent quarter of 0.00. Total debt to equity ratio of the company for most recent quarter is 3.66 whereas long term debt to equity ratio for most recent quarter is 3.17. General Electric Company (NYSE:GE) has a Return on Assets of -9.60%. The company currently has a Return on Equity of -66.90% and Return on Investment of -0.90%.

Stephanie Reibey

I am Stephanie Reibey, a Senior News Writer for “Stocks News Point”. I covers “Hot Stocks Alert” sector and writes about trending Active Hot companies from an exclusive and “out of the box” perspective. Over the years I have built a network of resources within the Hot Stocks Alert sector I write about. I started investing in 2008 as a hobby, and since it has grown to be my passion. I look for investments that generate strong value in the long run, and also assist shareholders avoid pitfalls through my analysis.