A leader in specialty coffee and coffee makers Green Mountain Coffee Roasters, (NASDAQ:GMCR), declared on Thursday that it a workforce decrease affecting a total of 74 full-time production and manufacture support employees in its Castroville, California and Toronto, Ontario facilities.
Additionally, seasonal dismiss impact a total of 36 positions in its Toronto and Montreal, Quebec facilities. Collective, these actions influence lower than 2% of GMCR’s total North American employees because of the end of its Q1 fiscal 2013, December 29, 2012.
President and CEO of GMCR, Brian Kelley stated that they be familiar with the impact these actions have on their employees and their families and mean to support them from side to side the transition process.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Mead Johnson Nutrition CO (NYSE:MJN) up +1.43%, Boulder Brands Inc (NASDAQ:BDBD) edged down -0.41%, General Mills, Inc. (NYSE:GIS) which also decrease -0.49% and Unilever N.V. (ADR) (NYSE:UN) closed down -0.17%.
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) stock’s trade at beginning with a price of $54.52 and in ongoing trading session climbed at a high of $54.53 other than after it traded decline -1.15% to $53.98.
The stock is going forward its 52 week low with +213.85% and lagging behind from its 52 week high price with -6.72%. GMCR last month stock price volatility remained 3.55%.
GMCR stock institutional ownership remained 86.09% while insider ownership included 5.89%. In its share capital GMCR has 148.81 million outstanding shares among them 121.72 million shares have been floated in market exchange.
Company’s beta coefficient included 0.92. Beta factors measures the amount of market risk associated with market trade.
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