Notable Stock to Watch: Meritor (NYSE: MTOR)

Meritor (NYSE: MTOR) spotted trading -7.68% off 52-week high price. On the other end, the stock has been noted 58.56% away from the low price over the last 52-weeks. The stock changed -0.42% to recent value of $23.8. The stock transacted 532401 shares during most recent day however it has an average volume of 777.12K shares. The company has 83.81M of outstanding shares and 81.35M shares were floated in the market.

On July 29, 2019, Meritor (NYSE: MTOR) announced that it has successfully completed its acquisition of AxleTech from global investment firm The Carlyle Group (NASDAQ: CG).

The previously announced transaction enhances Meritor’s growth platform with the addition of a complementary product portfolio, including a full line of independent suspensions, axles, braking solutions and drivetrain components. AxleTech will operate within Meritor’s Aftermarket, Industrial & Trailer segment.

The addition of AxleTech advances our growth strategy while further diversifying our portfolio in strategic, adjacent markets, said Jay Craig, Meritor’s CEO and president. We are delighted to welcome AxleTech to the Meritor team with a shared focus on driving superior performance, efficiency and reliability for our global customers with a wider array of products and solutions. We look forward to realizing the benefits of the transaction as we continue executing on our priorities to enhance value for our shareholders, customers and employees.

About Meritor

Meritor is a leading global supplier of drivetrain, mobility,braking and aftermarket solutions for commercial vehicle and industrial markets. With more than a 100-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense,specialty and aftermarket customers around the world. Meritor is based in Troy, Mich., United States, and is made up of approximately 9,300 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 19 countries. Meritor common stock is traded on the New York Stock Exchange under the ticker symbol MTOR.  Its earnings per share (EPS) expected to touch remained -36.40% for this year while earning per share for the next 5-years is expected to reach at 5.30%. MTOR has a gross margin of 14.80% and an operating margin of 8.10% while its profit margin remained 5.90% for the last 12 months.

According to the most recent quarter its current ratio was 1.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 1.49% from the mean of 20 days, 5.64% from mean of 50 days SMA and performed 17.27% from mean of 200 days price. Company’s performance for the week was 2.99%, -1.86% for month and YTD performance remained 40.75%.

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