Toyota Motor Corporation (NYSE:TM) declared on Friday another international recall of 2.77M vehicles following its major recall of 7.43M vehicles previous month. The newest recall engages 14 models including the Prius hybrid and 2000–2006 Corolla compact sedans to facilitate are subject to inspection and fix due to a problem with their steering and water-pump systems.
The Japan based automaker, will recall 1.52M vehicles in Japan and 1.25M vehicles overseas, including 670,000 Prius hybrids in the U.S., mostly to replace the electric water pump. In rest of the vehicles, the firm would examine or restore the defective steering intermediate extension shaft, which can reason unwanted steering.
Toyota Motor Corporation (ADR) (NYSE:TM) stock hit highest price at $82.28, beginning with a price of $82.11 and reported increased 2.28% to the closed at $82.09 with day range of $81.36-$82.28. The total market capitalization remained $259.96 billion; total volume held in the session was 522,255 shares surprisingly higher than its average volume of 341,891shares.
To check the Stocks ups and downs, TM last week stock price volatility remained 1.08% and month was at 1.02%. TM generated revenue of 264.29 billion in the following twelve months income of $9.23 billion. The Company showed a positive 2.92% in the net profit margin and in addition to in its operating margin which remained 5.04%. Company’s annual sales growth for the past five year was -4.95%.
The TM past twelve months price to sales ratio was 0.54 and price to cash ratio remained 3.75. As far as if notice on other major contributors of similar sectors have sale ratio and price to cash ratio remained General Motors Company (NYSE:GM)’s P/S 0.25% P/C 1.11%, Ford Motor Company (NYSE:F)’s P/S 0.30% P/C 2.90%, Tesla Motors Inc (NASDAQ:TSLA)’s P/S 24.76% P/C 42.28%, Honda Motor Co Ltd (ADR) (NYSE:HMC)’s P/S 0.52% P/C 4.79%.