Meritor Inc. (MTOR) Soars 5.14% on October 11

Equities Staff  |

Meritor Inc. (MTOR) had a good day on the market for Friday October 11 as shares jumped 5.14% to close at $18.42. About 880,291 shares traded hands on 8,356 trades for the day, compared with an average daily volume of n/a shares out of a total float of 82.58 million. After opening the trading day at $18.33, shares of Meritor Inc. stayed within a range of $19.30 to $18.14.

With today's gains, Meritor Inc. now has a market cap of $1.52 billion. Shares of Meritor Inc. have been trading within a range of $25.78 and $15.01 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Meritor Inc is a manufacturer of automobile parts for commercial vehicles and industrial markets. The company offers drivetrain, axle, brake, and suspension solutions for commercial trucks, trailers, buses, coaches, off-highway machinery, and defence contractors. The company serves original equipment markets as well as the aftermarket segment for the transportation and industrial sectors. Meritor generates the majority of its revenue from its commercial truck and industrial segment. Geographically, sales are focused on North American markets.

Meritor Inc. is based out of Troy, MI and has some 8,600 employees. Its CEO is .

For a complete fundamental analysis of Meritor Inc., check out Equities.com’s Stock Valuation Analysis report for MTOR.

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Meritor Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Meritor Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: MTOR’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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