Garrett Motion Inc Up 9.15% To $9.13 After Earnings

reported that it broke-even during the quarter.

Revenues were downbeat at $0.00. Keep in mind that the revenues reported were on an adjusted basis, so they may not be directly comparable to estimates and prior periods.

The stock is up 9.15% to $9.13 after the report.

Garrett Motion Inc’s profit margins maintained as both earnings and revenue declined at the same pace.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Garrett Motion Inc a Bearish Sentiment Rank from InvestorsObserver.

Garrett Motion Inc has performed a little below average during the past few months. Before the report, Garrett Motion Inc received a Long-Term Technical Rank by InvestorsObserver of 42, putting it in the bottom half of stocks. The firm was recently trading at a 52-week high of $9.75 on December 29, 2023 and set a 52-week low on October 24, 2023 at $6.43.

Garrett Motion Inc designs, manufactures and sells highly engineered turbocharger and electric-boosting technologies for OEMs and the aftermarket. The company is a global technology leader with significant expertise in delivering products across gasoline, diesel, natural gas and electrified powertrains. The company also sells its technologies in the global aftermarket through its distribution network.