Bearish Consumer Goods Stocks: The Goodyear (GT), VeriFone Systems (PAY), Tata Motors (TTM)

New York, NY -- (SBWIRE) -- 03/22/2013 -- StockRunway.com issues special report on the Bearish Consumer Goods Stocks – The Goodyear Tire & Rubber Company (NASDAQ:GT), VeriFone Systems Inc (NYSE:PAY), Tata Motors Limited (ADR) (NYSE:TTM)

The Goodyear Tire & Rubber Company (NASDAQ:GT) faced fall on Thursday after the pricing of its offering of $900 million aggregate principal amount of 8-year senior notes, unsecured obligations of the company. The company disclosed plan to sell them at 100% of the principal amount and will bear interest at a rate of 6.5%. The offering is expected to close on February 25, 2013, subject to customary closing conditions.

The offering was higher from a formerly stated offering size of $750 million and the net proceeds from this offering are intended be used for funding discretionary contributions to its frozen U.S. pension plans and, to the extent not used for such purposes, for general corporate purposes.

Where GT is Headed Exactly? Find out in This Trend Analysis Reports

The Goodyear Tire & Rubber Company(NASDAQ:GT) dropped -3.17% with the closing price of $12.99. The overall volume in the last trading session was 3.96 million shares. Its fifty two week range was $9.23-$14.65. The total market capitalization remained $3.19 billion.

The stock is ahead its 52 week low with 40.58% and its last month price volatility remained 2.67%. Its beta coefficient was 2.66 with a target price of $16.50. In its share capital, the company has 245.40 million outstanding shares while 244.90 million shares have been floated in market.

It has insider ownership of 0.28% with its institutional ownership remained 82.66%. Its current year earnings per share slipped with -37.45% while the five year EPS growth rate was 4.883%.

Should GT a Buy or Sell Now? Find Out Here

VeriFone Systems Inc (NYSE:PAY) was down one day after Standpoint Research launched coverage on the stock with a buy rating. In other news, the Shareholders Foundation disclosed that a PAY shareholder filed a lawsuit in the U.S. District Court for the Northern District of California over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements.

VeriFone Systems Inc(NYSE:PAY) shares went -3.75% down and closed at $21.07 in the last trading session. Its overall traded volume was 3.69 million shares. The stock’s opening price was $21.66, hitting the day high price of $21.97 and day low of $21.01.

Can PAY Show a Strong Recovery? Find out in This Research Report

PAY has earnings per share of $0.72 and its price to earnings ratio was 29.09. The company has 2.22% returns on assets, 6.15% returns on equity and its return on investments is 2.77%.

Tata Motors Limited (ADR) (NYSE:TTM) moved down on fears that China's new stringent fuel economy standard would hurt the Indian automaker's unit Jaguar Land Rover Ltd.

Tata Motors Limited (ADR)(NYSE:TTM) dropped -2.79% to close at $25.39 and its total volume in the last trading session was 2.69 million shares. In last 52 weeks, high hit was $30.85 and low price in that period was $18.83.

The company has outstanding shares of 3.19 billion with the total market cap of $80.99 billion and its beta value stands at 2.34 times.

What TTM’s Charts Are Signaling for Traders? Find Out Here

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