NEW YORK (TheStreet) -- General Motors (GM) shares are down 0.58% to $30.82 on Tuesday after the European Automobile Manufacturers Association said that new registrations for the company's European Opel unit were down in November.
New registrations for GM products in Europe totaled 62,908 in November, a year to year decline of about 12%, which led to a decline in market share to 6.6% from 7.6% during the same period last year. Year to date the company has sold 4.6% fewer cars.
Separately, the company's rating was lowered to 'sector perform' from 'outperform' by analysts at RBC Capital before the opening bell today. TheStreet has further coverage here.
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TheStreet Ratings team rates GENERAL MOTORS CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate GENERAL MOTORS CO (GM) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. 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 growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."