United Technologies Corp. (NYSE:UTX). spotted trading -12.31% off 52-week high price. On the other end, the stock has been noted 26.02% away from the low price over the last 52-weeks. The stock changed 1.92% to recent value of $126.62. The stock transacted 4498837 shares during most recent day however it has an average volume of 3286.89K shares. The company has 858.92M of outstanding shares and 858.92M shares were floated in the market.
On June 18, 2019, Collins Aerospace announced it has recently been awarded more than $1.5 billion in tailored agreements for components spanning its Power & Controls and Aerostructures business units—across multiple commercial platforms with global commercial customers. Collins Aerospace is a unit of United Technologies Corp. (NYSE:UTX)
These recent agreements include Collins Aerospace’s first MRO agreement with Africa’s largest carrier, Ethiopian Airlines. The agreement, valued at approximately $500 million over a 25 year period with Collins Aerospace’s Power & Controls business, will enable the airline to service components such as heat exchangers, air management systems and fuel metering units for its fleet of 60 Q400 aircraft. This deal further expands Collins Aerospace’s global MRO network to include East Africa as part of the company’s strategy to grow its presence on the continent. With the world’s second-largest and youngest population, Africa is an important market for Collins Aerospace. Its earnings per share (EPS) expected to touch remained 13.20% for this year while earning per share for the next 5-years is expected to reach at 8.60%. UTX has a gross margin of 25.00% and an operating margin of 12.40% while its profit margin remained 7.60% 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 -1.91% from the mean of 20 days, -5.28% from mean of 50 days SMA and performed -0.44% from mean of 200 days price. Company’s performance for the week was 2.99%, -5.33% for month and YTD performance remained 18.91%.
Category – Market Movers
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