GE Stock at 9-Year Low

Published on: 02 Oct, 2018

General Electric (NYSE: GE) has experienced a 52.43% share price drop in the past year. The conglomerate ranked no. 1 in the S&P 500 in 2004, worth USD 400 billion, is now ranked no. 59 in the S&P’s most valuable companies.  GE, is now worth less than USD 100 billion, is worth less than 10% Apple, (APPL). GE’s share fell to a 9-year low of under USD 12 on Monday.

In attempts to halt the decline, GE is selling business such as its railroad division, it’s health-care unit that makes MRI machines, and the Thomas Edison's light-bulb unit. However, investors continue to offload their holdings of the company in recent days as concerns over GE Power, which is considered to be the most troubled part of the company, was forced to close its power plants as two of its gas turbines failed in Texas, leading to a 9% share sell-off.

Moreover, poor investment by GE has resulted in an accumulation of vast amounts of debt. GE currently has a net debt of USD 194.2 billion, which was 22 times greater than GE’s expected adjusted earnings for 2018. Currently, interest expenses are roughly worth approximately 50% of GE’s operating income. As of Friday, 28th at 11.am EST, the GE stocks fell 0.82% to USD 11.44. According to UBS, there is no turnaround in the near future for GE, as UBS lowered its price target by USD 3 from USD 16 to USD 13.

Ratings

Ratings
  • 162Views
  • 1Comments

Recommend to Friends

  • facebook
  • Twitter
  • google plus
  • pinterest
  • Digg
  • stumbleupon
  • Reddit
  • linkedin

Disun Holloway

Email: Disun@financialinsiders.com

@Newsletter

Sign Up for Weekly Updates

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!

Related Posts

22 Jun, 2017 756
01 Aug, 2017 1160
17 Aug, 2017 667
14 Sep, 2017 644

1 Comments

AnuelHeD

Oct 14, 2018 at 08 36 am

Проститутки Новосибирска
проститутки Новосибирска
Проститутки Краснодара
Индивидуалки в Краснодаре
Массажные салоны Краснодара
Выезд индивидуалки в Краснодаре
проститутки Краснодара
Интим знакомства в Краснодаре
Шлюхи Иркутск
проститутки Иркутска
Шлюхи Пермь
проститутки Перьми
Шлюхи Казани
Индивидуалки Казани
Секс знакомства Казань
проститутки Казани
Проститутки Пензы
проститутки Пензы
Шлюхи Уфа
проститутки Уфы
Проститутки Москва
проститутки Москва
Шлюхи Питер
проститутки Питера
проститутки Новосибирска
проститутки Новосибирска
проститутки Новосибирска
проститутки Новосибирска

REPLY (0)