Allison Transmission Holdings Inc. (NYSE:ALSN) traded at a new 52-week high today of $46.04. Approximately 180,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.
Based on a current price of $44.64, Allison Transmission Holdings Inc. is currently 2.7% above its average consensus analyst price target of $43.42.
Allison Transmission Holdings is the world's largest manufacturer of fully automatic transmissions for commercial vehicles, which serve as fuel-saving alternatives to less expensive manual and automated manual transmissions. It supplies its products to several end markets, including on- and off-highway equipment and military vehicles. For its on-highway business, where Allison maintains 60% of the global market share, Allison transmissions are incorporated into class 4 through 8 trucks, buses, and a limited number of large consumer vehicles, such as heavy-duty pickup trucks and motorhomes. Allison has been a leader in commercial hybrid propulsion systems and has more recently made inroads into fully electric powertrains with the acquisitions of Vantage Power and AxleTech in 2019.
Allison Transmission Holdings Inc. share prices have moved between a 52-week high of $46.04 and a 52-week low of $31.69 and are now trading 41% above that low price at $44.64 per share.
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