Garmin (GRMN, Financial) experienced a sudden stock price increase of 0.92%. At the time of reporting, shares were trading at $200.00 with a trading volume of 261,656 shares and a turnover rate of 0.14%. The stock's price fluctuation amplitude was 1.80%.
Recent financial results show Garmin achieving a revenue of $1.586 billion, a net profit of $399 million, and earnings per share (EPS) of $2.08. The gross profit stood at $952 million, leading to a price-to-earnings (P/E) ratio of 25.40.
Analyst ratings reveal that among the 10 firms offering insights, 60% recommend holding the stock while 40% suggest selling, with no endorsements for purchasing.
In the technology instruments sector, which Garmin is part of, the overall growth rate is 1.49%. Within this industry, related stocks such as Saverone 2014 Ltd and Know Labs, Inc. showed significant gains. Active stocks include Sobr Safe, Inc. and Blacksky Technology Inc., showing various turnover rates and price fluctuation amplitudes.
Garmin is involved in producing GPS-enabled hardware and software across fitness, outdoor, automotive, aviation, and marine sectors. The company leverages licensed map data for specialized applications like diving and sailing. Operating in 100 countries, Garmin sells its products through distributors and original equipment manufacturer partnerships.
