Inchcape plc (OTCMKTS:IHCPF – Get Free Report)’s share price rose 23.7% during trading on Thursday . The company traded as high as C$12.00 and last traded at C$12.00. Approximately 100 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 4,700 shares. The stock had previously closed at C$9.70.
Inchcape Price Performance
The business has a fifty day moving average of C$9.84 and a 200-day moving average of C$9.65.
Inchcape Company Profile
Inchcape (OTCMKTS:IHCPF) is a London-based global automotive distribution, retail and after-sales services company. As an independent operator, Inchcape partners with a broad portfolio of vehicle manufacturers to distribute new cars, manage dealer networks and deliver comprehensive maintenance, parts and warranty support. The company’s integrated model also encompasses vehicle financing, insurance and used car remarketing, positioning Inchcape as a full-service provider across the automotive value chain.
The company’s distribution operations secure exclusive or preferred rights for leading brands, while its retail division oversees a network of dealerships that span showroom sales, customer care and parts supply.
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