Inchcape plc (OTCMKTS:IHCPF – Get Free Report) shot up 23.7% during trading on Thursday . The company traded as high as C$12.00 and last traded at C$12.00. 100 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 4,700 shares. The stock had previously closed at C$9.70.
Inchcape Stock Performance
The stock’s fifty day simple moving average is C$9.84 and its 200-day simple moving average is C$9.65.
About Inchcape
Inchcape (OTCMKTS:IHCPF) is a London-based global automotive distribution, retail and after-sales services company. As an independent operator, Inchcape partners with a broad portfolio of vehicle manufacturers to distribute new cars, manage dealer networks and deliver comprehensive maintenance, parts and warranty support. The company’s integrated model also encompasses vehicle financing, insurance and used car remarketing, positioning Inchcape as a full-service provider across the automotive value chain.
The company’s distribution operations secure exclusive or preferred rights for leading brands, while its retail division oversees a network of dealerships that span showroom sales, customer care and parts supply.
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