GE Stock at 9-Year Low

Published on: 02 Oct, 2018

General Electric (NYSE: GE) has experienced a 52.43% share price drop in the past year. The conglomerate ranked no. 1 in the S&P 500 in 2004, worth USD 400 billion, is now ranked no. 59 in the S&P’s most valuable companies.  GE, is now worth less than USD 100 billion, is worth less than 10% Apple, (APPL). GE’s share fell to a 9-year low of under USD 12 on Monday.

In attempts to halt the decline, GE is selling business such as its railroad division, it’s health-care unit that makes MRI machines, and the Thomas Edison's light-bulb unit. However, investors continue to offload their holdings of the company in recent days as concerns over GE Power, which is considered to be the most troubled part of the company, was forced to close its power plants as two of its gas turbines failed in Texas, leading to a 9% share sell-off.

Moreover, poor investment by GE has resulted in an accumulation of vast amounts of debt. GE currently has a net debt of USD 194.2 billion, which was 22 times greater than GE’s expected adjusted earnings for 2018. Currently, interest expenses are roughly worth approximately 50% of GE’s operating income. As of Friday, 28th at EST, the GE stocks fell 0.82% to USD 11.44. According to UBS, there is no turnaround in the near future for GE, as UBS lowered its price target by USD 3 from USD 16 to USD 13.


  • 2077Views
  • 5Comments

Recommend to Friends

  • facebook
  • Twitter
  • google plus
  • pinterest
  • Digg
  • stumbleupon
  • Reddit
  • linkedin

Disun Holloway



Sign Up for Weekly Updates

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!

Related Posts

27 Jun, 2017 3055
10 Jul, 2017 3066
19 Jul, 2017 2997
24 Jul, 2017 3022



Oct 14, 2018 at 08 36 am

Проститутки Новосибирска
проститутки Новосибирска
Проститутки Краснодара
Индивидуалки в Краснодаре
Массажные салоны Краснодара
Выезд индивидуалки в Краснодаре
проститутки Краснодара
Интим знакомства в Краснодаре
Шлюхи Иркутск
проститутки Иркутска
Шлюхи Пермь
проститутки Перьми
Шлюхи Казани
Индивидуалки Казани
Секс знакомства Казань
проститутки Казани
Проститутки Пензы
проститутки Пензы
Шлюхи Уфа
проститутки Уфы
Проститутки Москва
проститутки Москва
Шлюхи Питер
проститутки Питера
проститутки Новосибирска
проститутки Новосибирска
проститутки Новосибирска
проститутки Новосибирска



Aug 20, 2019 at 06 01 pm

Отличный интернет магазин хорошие скидки и бесплатная доставка



Aug 21, 2019 at 02 14 am

Отличный интернет магазин хорошие скидки и бесплатная доставка


Mister misery 1901 1787448

Jul 14, 2020 at 08 23 am

Mister misery 1901



Apr 13, 2023 at 04 59 am

Я люблю, когда ты вколачиваешь в меня свой член. Ну же