Home / Street Sector / Short Call at News Buzzer: General Motors (NYSE:GM), First Bank (NASDAQ:FRBA)

Short Call at News Buzzer: General Motors (NYSE:GM), First Bank (NASDAQ:FRBA)

General Motors Firm (NYSE:GM) [Trend Analysis] plunged reacts as active mover, shares a loss -0.60% to traded at $33.23 and the percentage gap among open changing to regular change was -0.21%. General Motors (GM) reported that about 160 jobs are being cut from a plant in Kokomo, Indiana, following the automaker reported it would stop producing semiconductors there by mid-2017. Detroit-based GM stated in a statement that employees were notified last week about the decision, which will affect about 100 hourly and 60 salaried employees. The Kokomo Tribune reports the facility’s workforce will drop to about 600 following the job cutss.

Kevin Nadrowski, a plant communications manager for GM, says current production volumes of semiconductors had stopped making a profit. The Kokomo plant made and tested the semiconductors, which are used in a wide range of automobile systems. The plant will still make integrated circuits, air bag control modules, engine control modules and other parts for GM and other automakers. The firm’s current ratio calculated as 0.90 for the most recent quarter. The firm past twelve months price to sales ratio was 0.30 and price to cash ratio remained 1.99. As far as the returns are concern, the return on equity was recorded as 32.80% and return on investment was 7.00% while its return on asset stayed at 6.70%. The firm has total debt to equity ratio measured as 1.77.

First Bank (NASDAQ:FRBA) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 1.45% to $10.50. First Bank (NASDAQ:FRBA) reported that the Board of Directors, at their November 15, 2016 meeting, reported an initial quarterly cash dividend of $0.02 per share to ordinary shareholders of record at the close of business on February 10, 2017 payable on February 28, 2017.

“We are extremely happy to be able to initiate a cash dividend for our ordinary shareholders,” stated Patrick L. Ryan, President and Chief Executive Officer. “We believe this dividend offers our shareholders an added tangible benefit, and feel it is appropriate given our current financial performance momentum. This and future cash dividends demonstrate the confidence we have in our strategy to continue to grow the Bank and its earnings.” The share price of FRBA attracts active investors, as stock price of week volatility recorded 3.92%. The stock is going forward to its 52-week low with 68.00% and lagging behind from its 52-week high price with -3.67%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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