General Electric Company (NYSE:GE) plans to shut down its lighting plant in Circleville, Ohio, and will lay off more than 100 employees. GE sent a state-required warn notice to Circleville officials, explaining the company’s decision to shut down the plant.
General Electric Company (NYSE:GE) shares climbs 0.54% to $30.00 on Wednesday.
Consumer demand for traditional lighting is at an all-time slow, and gave notice that the plant will cease production before the end of the summer.
Technical Stock Analysis
Shares outstanding are recorded as 8708.71 B and total shares floated are 8702.76 B. Company’s distance from 20 day simple moving average is 0.79% and distance from 50-Day simple moving average is 0.58%.
Best time to invest in stock market is when things are on odd side, and it’s not easy how to pick stocks. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. Stock has got OUTPERFORM rating from 4 analysts of Thomson Reuters, 6 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for GE is $33.14 while analysts mean recommendation is 2.10.
General Electric Company (NYSE:GE) yearly performance is -0.68% and net profit margin is 6.60%. Annual EPS Growth of past 5 years is -4.10%. The current share price indicates that stock is -6.96% away from its one year high and is moving 8.08% ahead of its 52-week low.
Impac Mortgage Holdings, Inc. (NYSE:IMH) announced that it has sold $56.0 million worth of shares of its common stock in a registered direct offering to certain purchasers, including existing beneficial shareholders Talkot Capital LLC and certain entities affiliated with Richard Pickup or Todd Pickup. The Company sold 4,423,381 shares of common stock at a price of $12.66 per share, based on the closing price as of April 17, 2017.
On 19 April 2017, Impac Mortgage Holdings, Inc. (NYSE:IMH) shares moved to $13.66 after starting the day at $13.00. Stock has got OUTPERFORM rating from 1 analyst of Thomson Reuters, no analyst given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for IMH is $20.00 while analysts mean recommendation is 2.00.
At the movement UMH Properties, Inc. (NYSE:UMH) is under coverage by number of analysts. Buy rating has been given by 1 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and no analyst given HOLD rating. The consensus recommendation by Thomson Reuters analysts is Buy and their mean rating for the stock is 1.50 on scale of 1-5. Analysts mean target price for UMH Properties, Inc. (NYSE:UMH) is $16.75 while their mean recommendation is 1.50 (1=Buy, 5=sell).
If we look at stock performance in last active day trading, we see that stock has moved climbs 0.45% to end the day at $15.56. The current share price indicate that stock is -0.06% away from its one year high and is moving 71.14% ahead of its 52-week low.