NEW YORK (TheStreet) -- Shares of Ford Motor (F) - Get Report are down 0.38% to $11.82 in afternoon trading on Tuesday as the company's stock goes on a roller coaster ride in the first day of trading after the company recalled 391,000 Ranger pickup trucks on Tuesday.
The recall of the vehicles -- Ford Rangers made between 2004 and 2006 -- is part of an expanded recall related to faulty Takata (TKTDY)airbags. The decision to recall the vehicle is a result of one report of a death related to an airbag deployment.
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Nine deaths related to Takata air bags have been reported in the U.S. while a total of 5.1 million vehicles in the country have the faulty airbags, according Takata Corp. Other vehicle manufactures involved in the airbag related recall include Honda (HMC), BMW AG and Volkswagen (VLKAY).
In the U.S., Honda has recalled about 6.28 million vehicles due to the faulty air bag inflators, while worldwide the company has recalled 23 million vehicles since 2008.
TheStreet Ratings weighed in on the company's prospects today, downgrading its rating on the company to "hold" from "buy," while also lowering its letter grade to C+ from B-. The downgraded outlook reflects TheStreet's acknowledgement of multiple strengths in the company including its increase in net income, revenue growth and good cash flow from operations. However, as a counter to these strengths, it also found weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and poor profit margins.
TheStreet Ratings uses an algorithmic model to determine a rating for risk-adjusted total return prospect over 12 months.