Home » Financial News, Today's Hot News » Ford Motor Company (NYSE:F) opens the first of 12 new authorized dealerships in the Philippines

Ford Motor Company (NYSE:F) opens the first of 12 new authorized dealerships in the Philippines

Ford Philippines, a unit of US automaker Ford Motor Company (NYSE:F), recently opened its state-of-the-art branch at Cainta, Rizal. This was the first of 12 new authorized dealerships the auto giant plans to open within the coming six months. The opening of a dealership in Cainta reveals the company’s commitment to make available customers with its products and after-sales service.

The newly opened office is strategically located along Ortigas Avenue Extension in Cainta, Rizal, where the 3,000-sq-m lot showroom will catch the attention of customers with its new global design image and customer service offerings. Its service bay is also one of the biggest in the area as it has places for 22 cars simultaneously and has space to display eight vehicles.

Latest closing price and its Comparison with some technical indicators

The stock closed at $10.17, up 0.17 points or 1.70% from previous close and at a distance of +0.73% from 20-day simple moving average. In the last trading session, the stock’s price moved -5.78% below its 200 day moving average, changing hands as low as $10.01 per share. The stock is currently trading 2.23% up its SMA 50.

Find out whether the stock is performing well?

The percentage change in the price over the past fifty two weeks remained at -15.81%. The price range in the same period had a highest hit of $13.05 on Jan 26, 2012 while lowest level during that period was $8.82 on Aug 02, 2012. The 1-year target price estimate, which is the median price target, as set by analysts covering the stock is $13.50. The stock in last 12 months dropped -17.05% and has declined -4.15% since the beginning of this year.

How this stock generally moves along with the stock market?

This stock is more risky when compared to the shifts in the equity markets as its beta value is standing at 2.32. To measure price-variation, we found this stock’s volatility over a week period was 2.32% and for the month was 2.02%.

What analysts think about this stock?

The analyst mean recommendation for this week has been 2.1, same as was in the last week. The price target of $11.00 was the lowest while the highest price target was set as $21.00, according to 14 analysts surveyed by Thomson Reuters.

 

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