Federal-Mogul Corp. Hits New 52-Week High at $23.62 (FDML)
Federal-Mogul Corp. (NASDAQ:FDML) set a new 52-week high during mid-day trading on Wednesday, StockRatingsNetwork.com reports. The stock traded as high as $23.62 and last traded at $23.37, with a volume of 749,913 shares. The stock had previously closed at $21.07.
FDML has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Federal-Mogul Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 24th. They now have a $22.30 price target on the stock.
Federal-Mogul Corp. has a 52-week low of $4.80 and a 52-week high of $21.72. The stock has a 50-day moving average of $19.76 and a 200-day moving average of $16.84. The company’s market cap is $3.446 billion.
Federal-Mogul Corp. (NASDAQ:FDML) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.14. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the company posted ($0.11) earnings per share. Federal-Mogul Corp.’s revenue was up 9.4% compared to the same quarter last year. Analysts expect that Federal-Mogul Corp. will post $1.30 EPS for the current fiscal year.
Federal-Mogul Corporation is a global supplier of technology and innovation in vehicle and industrial products for fuel economy, emissions reduction and safety systems.
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