Navistar International Stock Gaps Down On Today's Open (NAV)
Shares of Navistar International (NYSE:NAV) were gapping down Thursday morning with an open price 20.7% lower than Wednesday's closing price. The stock closed at $28.15 yesterday and opened today's trading at $22.33.
NEW YORK ( TheStreet) -- Shares of Navistar International (NYSE: NAV) were gapping down Thursday morning with an open price 20.7% lower than Wednesday's closing price. The stock closed at $28.15 Wednesday and opened today's trading at $22.33. The average volume for Navistar International has been 1.5 million shares per day over the past 30 days. Navistar International has a market cap of $1.89 billion and is part of the consumer goods sector and automotive industry. Shares are down 27.3% year to date as of the close of trading on Wednesday. Navistar International Corporation, through its subsidiaries, manufactures and sells commercial and military trucks, buses, diesel engines, recreational vehicles (RVs), and chassis, as well as provides service parts for trucks and trailers. The company has a P/E ratio of 1.3, equal to the average automotive industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Navistar International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Navistar International Ratings Report. Get more investment ideas from our investment research center.