The stock of Magna International Inc. (TSE:MG) is a huge mover today! About 753,984 shares traded hands. Magna International Inc. (TSE:MG) has declined 0.98% since March 11, 2016 and is downtrending. It has underperformed by 6.47% the S&P500.
The move comes after 7 months negative chart setup for the $19.96 billion company. It was reported on Oct, 18 by Barchart.com. We have $49.95 PT which if reached, will make TSE:MG worth $998.00M less.
More recent Magna International Inc. (TSE:MG) news were published by: Stockhouse.com which released: “Magna International Inc. – Notice of Conference Call for Third Quarter 2016 …” on October 18, 2016. Also Benzinga.com published the news titled: “Worst Performing Industries For October 18, 2016” on October 18, 2016. Nasdaq.com‘s news article titled: “Zacks.com featured highlights: Marinemax, Francesca’s Holdings, Honda Motor …” with publication date: October 17, 2016 was also an interesting one.
Magna International Inc. is an automotive supplier. The company has a market cap of $19.96 billion. The Company’s divisions are North America, Europe, Asia, Rest of World, and Corporate and Other. It has a 8.09 P/E ratio. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.
MG Company Profile
Mistras Group, Inc., incorporated on October 12, 1994, offers asset protection solutions and is a global well-known provider of technology-enabled asset protection solutions used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure. The Firm operates through three divisions: Services segment, which provides asset protection solutions predominantly in North America with the primary concentration in the United States along with a growing Canadian services business, consisting primarily of non-destructive testing, and inspection and engineering services that are used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure; International segment, which offers services, products and systems similar to those of its Services and Products and Systems divisions to global markets, in Europe, the Middle East, Africa, Asia and South America, but not to clients in China and South Korea, which are served by its Products and Systems segment, and Products and Systems segment, which designs, makes, sells, installs and services its asset protection products and systems, including equipment and instrumentation, predominantly in the United States.
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