Goodyear Tire & Rubber Stock Falls On Unusually High Volume (GT)
NEW YORK (
) --
(NYSE:
) is trading at unusually high volume Tuesday with 20.9 million shares changing hands. It is currently at four times its average daily volume and trading down 86 cents (-6.2%) at $13.11 as of 3:05 p.m. ET.
Goodyear Tire & Rubber has a market cap of $3.35 billion and is part of the
sector and
industry. Shares are down 1.4% year to date as of the close of trading on Monday.
The Goodyear Tire & Rubber Company engages in the development, manufacture, distribution, and sale of tires, and related products and services to consumer and commercial customers worldwide. The company has a P/E ratio of 30.2, below the average consumer non-durables industry P/E ratio of 30.4 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Goodyear Tire & Rubber as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, generally poor debt management and poor profit margins. You can view the full
Goodyear Tire & Rubber Ratings Report
.
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