Meritor (MTOR) Shares are Up 0.56%

Meritor (MTOR) : Traders are bullish on Meritor (MTOR) as it has outperformed the S&P 500 by a wide margin of 2.35% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.03%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.56% in the last 1 week, and is up 0.28% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.8% and the 50-Day Moving Average is 11.06%.The 200 Day SMA reached 28.94% Meritor, Inc. is up 24.22% in the last 3-month period. Year-to-Date the stock performance stands at 28.38%.


Meritor (MTOR) : Currently there are 5 street experts covering Meritor (MTOR) stock. The most bullish and bearish price target for the stock is $12 and $7 respectively for the short term. The average price target of all the analysts comes to $9.2. The estimated standard deviation from the target is $1.92.

Company shares have received an average consensus rating of Hold for the current week Meritor (NYSE:MTOR): stock was range-bound between the intraday low of $10.56 and the intraday high of $10.83 after having opened at $10.66 on Fridays session. The stock finally closed in the red at $10.66, a loss of -0.19%. The stock remained in the red for the whole trading day. The total traded volume was 929,555 shares. The stock failed to cross $10.83 in Fridays trading. The stocks closing price on Thursday was $10.72.

Meritor, Inc. is engaged in the development, manufacture, sale, assembly, distribution, import and export of movement control systems for buses, trailers and trucks and their parts and components. It serves commercial truck, trailer, bus and coach and off-highway machinery manufacturers. The Companys segments include commercial truck and industrial, and aftermarket and trailer. Its commercial truck and industrial segment supplies drivetrain systems and components, including axles, drivelines, braking and suspension systems, primarily for medium- and heavy-duty trucks in North America, South America and Europe. This segment also supplies components for defense, construction, bus and coach, mining, fire and emergency applications, and Aftermarket and Trailer segment, which supplies new and remanufactured axles, brakes, suspensions, transmissions and components for all-makes aftermarket customers, and also supplies a variety of undercarriage products and systems for trailer applications.

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