J.C. Penney Company Inc. (NYSE:JCP) trades down, American Axle & Manufact. Holdings Inc. (NYSE:AXL)

Posted by sara Frank May 20, 2013 0 Comment 1262 views


J.C. Penney Company, Inc. (NYSE:JCP) completed the day’s run at $18.01 per share, down by 4.15% (-$0.78) from previous day’s closing price of $18.79. The price of the stock reached a high of $18.64 and went till a low of $17.55 after it commenced the day’s trading with an opening price of $17.78. The share price in the last 52 weeks has seen a range of $13.55 – $32.55. The number of shares of the company that changed hands during the day’s trading is 25.28 million when on an average in the last 30 days, the volume of shares traded everyday stands at 23.32 million. The earnings-per-share figure of the company, standing at -$5.33, reveals that it has been bearing losses and it has a strong figure of 1.43 when it comes to the current ratio, suggesting good working capital management. The company also shows risky financing with the total-debt/equity ratio standing at 94.04. A low operating margin of -10.09% suggests faulty pricing and inefficiency in operations. The return-on-average-equity is a meager number, standing at -27.43% revealing low corporate profitability.

In its report for the first quarter of this year, the company posted greater losses than it had for the same quarter of last year, suffering from a 16% fall in sales along with lower margins.

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) completed the day’s run at $16.82 per share, up by 5.65% ($0.90) from previous day’s closing price of $15.92. The price of the stock reached a high of $16.98 and went till a low of $16.08 after it commenced the day’s trading with an opening price of $16.08. The share price in the last 52 weeks has seen a range of $7.93 – $16.98. The number of shares of the company that changed hands during the day’s trading is 1.85 million when on an average in the last 30 days, the volume of shares traded everyday stands at 1.69 million. The earnings-per-share figure of the company standing at $4.23 reveals that it has been gaining profits but it has a strong figure of 1.45 when it comes to the current ratio, suggesting good working capital management. A low operating margin of 4.66% suggests beneficial pricing and efficiency in operations.

The shares of auto parts were leading the market by 2.1% on Friday.


About sara Frank

Sara Frank is our chief congressional correspondent, Sara has covered the presidential campaign, Congress and congressional campaigns. Prior to that, she covered the U.S. House. Sarahas also worked covering the House, Senate and campaign finance. Among the numerous honors she has received for his reporting, Sara is the recipient of an Emmy Award from The National Academy of Television Arts and Sciences. She was also nominated four times for a national Cable Ace Award.

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