Magna International Inc. (NYSE:MGA) traded at a new 52-week high today of $90.22. This new high was reached on below average trading volume as 645,000 shares traded hands, while the average 30-day volume is approximately 1.7 million shares.
Magna International Inc. share prices have moved between a 52-week high of $90.22 and a 52-week low of $22.75 and are now trading 294% above that low price at $89.56 per share.
Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier’s product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contracted vehicle assembly. Roughly half of Magna’s revenue comes from North America while Europe accounts for approximately 44%.
Magna International Inc. (NYSE:MGA) is currently priced 3.0% above its average consensus analyst price target of $86.85.
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