Inchcape (OTCMKTS:IHCPF) Shares Up 0.5% – Here’s Why

Inchcape plc (OTCMKTS:IHCPF) shot up 0.5% on Tuesday . The company traded as high as C$11.00 and last traded at C$11.00. 11,545 shares were traded during mid-day trading, an increase of 63% from the average session volume of 7,100 shares. The stock had previously closed at C$10.95.

Inchcape Stock Up 0.5%

The company’s 50 day moving average price is C$11.16 and its 200-day moving average price is C$10.60.

Inchcape Company Profile

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.