On Wednesday, General Electric Company (NYSE:GE)’s shares declined -0.24% to $29.39.
General Electric Company (GE) is currently valued at $297.44 billion. The company has 10.10 million shares outstanding and 56.70% shares of the company were owned by institutional investors. The company has 2.20 value in price to sale ratio while price to book ratio was recorded as 2.67. The company exchanged hands with 71.08 million shares as compared to its average daily volume of 60.68 million shares. It beta stands at 1.23.
ThetaRay, a leading provider of big data analytics solutions for advanced cyber security and operational efficiencies, recently declared that GE (GE) has granted the company an Industrial Innovation Award for offering the “Most Innovative Industrial Internet Technology.” ThetaRay is working with GE’s Predix Accelerator program, joining forces with the industry leader to deliver innovative anomaly detection that protects Industrial companies against cyber threats and operational risks.
The inaugural awards ceremony took place on September 30th at GE’s Minds + Machines Conference in San Francisco, CA. ThetaRay was one of only four companies to be honored with Industrial Innovation Awards, alongside PepsiCo, Pitney Bowes, and Salt River Project. The “Most Innovative Industrial Internet Technology” award was designed to highlight a company or offering that significantly advances the Industrial Internet.
General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products.
Marvell Technology Group Ltd. (NASDAQ:MRVL)’s shares gained 2.86% to $8.28.
Marvell Technology Group Ltd. (MRVL) offered 9.20% EPS for prior five years. The company has -3.40% return on equity value while its ROI ratio was 8.00%. The company has $4.17 billion market capitalizations and the institutional ownership was 75.70%. Its price to book ratio was 0.83. Volatility of the stock was 4.89% for the week while for the month booked as 3.91%.
Marvell Technology Group Ltd. (Marvell) is a fabless semiconductor provider of application-specific standard products. The Company develops System-on-a-Chip (SoC) devices.
At the end of Wednesday’s trade, Anadarko Petroleum Corporation (NYSE:APC)‘s shares surged 0.40% to $65.55.
Anadarko Petroleum Corporation (APC) has market value of $33.17 billion while its EPS was booked as $-4.99 in the last 12 months. The stock has 508.14 million shares outstanding while 86.60% shares of the company were owned by institutional investors. In the profitability analysis, the company has gross profit margin of 81.80% while net profit margin was -19.20%. Beta value of the company was 1.37; beta is used to measure riskiness of the security.
Anadarko Petroleum Corp is encountering stiff competition from private equity firms that have billions to spend on oil and gas assets, the U.S. independent oil and gas company’s chief executive officer said on Wednesday, according to Reuters.
A slide in crude oil prices of more than 50 percent from last year has stirred intense interest in private equity investors looking for opportunity in the downturn.
“Where we see ourselves recently trying to bid on properties in markets where we have interest, we are being pretty consistently outbid and most oftentimes we’re being outbid by private equity-backed administration teams,” Anadarko Chief Executive Al Walker told analysts on a conference call. Reuters Reports
Anadarko Petroleum Corporation is an independent exploration and production company. The Company is engaged in the exploration, development, production, and marketing of natural gas, oil, condensate, natural gas liquids (NGLs), and anticipated production of liquefied natural gas (LNG).