Iochpe-Maxion traded at 10.88 this Monday February 2nd, decreasing 0.14 or 1.27 percent since the previous trading session. Looking back, over the last four weeks, Iochpe-Maxion lost 10.23 percent. Over the last 12 months, its price fell by 19.59 percent. Looking ahead, we forecast Iochpe-Maxion to be priced at 10.74 by the end of this quarter and at 9.93 in one year, according to Trading Economics global macro models projections and analysts expectations.
Iochpe-Maxion S.A. is engaged in the production of automotive wheels. The Company is a producer of automotive structural components in the Americas, and a producer of railway equipment in Brazil. Its operations are focused on the automotive segment, and divided into the wheels and structural component segments. The Company operates through three divisions: Maxion Wheels, Maxion Structural Components and AmstedMaxion. At Maxion Wheels, the Company produces and sells a range of steel wheels for light and commercial vehicles, and agricultural machinery and aluminum wheels for light vehicles. At Maxion Structural Components, it produces side rails, cross members and full frames for commercial vehicles and structural components for light vehicles. At AmstedMaxion (a joint venture), the Company produces freight cars, railway wheels and castings, as well as industrial castings. The Company''s and its subsidiaries'' operations are carried out in over 30 units located in Brazil and abroad.