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Garmin Ltd. (NASDAQ:GRMN) has been downgraded to Market Perform in a report by Citigroup Inc. today.

Boasting a price of $54.38, Garmin Ltd. (NASDAQ:GRMN) traded 0.65% lower on the day. With the last close up 6.64% from the two hundred day moving average, compared with the S&P 500 which has fallen -0.01% over the date range. Garmin Ltd. has logged a 50-day average of $52.13 and two hundred day moving average of $44.29. Trade volume was was up over the average, with 1,894,458 shares of GRMN changing hands over the typical 1,279,490 shares.

Citigroup Inc. has downgraded Garmin Ltd.(NASDAQ:GRMN) to Market Perform in a statement released Monday August 22 2016.

See Chart Below:

Garmin Ltd. (NASDAQ:GRMN)

With a market cap of $0.0, Garmin Ltd. has a PE of 18 with a one-year low of $30.93 and a one-year high of $56.19.

Brief Synopsis On Garmin Ltd. (NASDAQ:GRMN)

Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. Garmin designs, develops, manufactures, markets and distributes a family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor-based and information products. It operates through five business segments: marine, outdoor, fitness, auto and aviation. Garmin offers a range of auto navigation products, and as well as a range of products and applications designed for the mobile GPS market. It offers products designed for use in outdoor activities. It offers products designed for use in fitness and activity tracking. It offers a range of products designed for use in the recreational marine industry. It offers products designed for use in the recreational marine industry. Its aviation product line includes GPS-enabled navigation and very high frequency (VHF) communications transmitters/receivers.

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