NEW YORK (TheStreet) -- General Motors (GM) - Get Report stock declined by 0.61% to $31 in Wednesday's trading session, after a jury determined that the automobile manufacturer sold vehicles that had a defective ignition switch.
However, the jury ruled that the switch was not the cause of a 2014 car accident and decided against awarding the two plaintiffs any money.
The case was selected to be a bellwether, or test, for hundreds of suits that similarly blame the ignition switches for injuries or deaths.
Since GM has already admitted that certain employees knew of the problems but failed to warn of the issue or issue a recall, the zero-damages verdict is a major victory for the company, Bloomberg reports.
Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B-.
General Motors' strengths such as its compelling growth in net income, revenue growth, notable return on equity, attractive valuation levels and impressive record of earnings per share growth outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: GM
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.