Garmin aims for bigger branding

Article Excerpt

GARMIN LTD., $135.43, is a buy. The company (New York symbol GRMN; TSINetwork Rating: Extra Risk) (Shares outstanding: 192.3 million; Market cap: $25.8 billion; Dividend yield: 2.0%) makes GPS devices and software for five different markets: fitness, outdoors, auto, aviation, and marine. Garmin has now transferred the listing of its shares from Nasdaq to the New York Stock Exchange (NYSE). The company commenced trading as a NYSE-listed company at the market open on December 7, 2021, under its ticker symbol GRMN. Garmin believes the move will give it enhanced access to capital, improved branding and visibility, more accountability, and increased liquidity. Garmin is a buy. a buy…