China and the United States have been slapping each other with massive tariffs and more may come if the trade war continues to escalate, prompting some companies to move manufacturing out of China. One of the latest is GoPro, which announced it will move production of most U.S.-bound cameras out of…
Source: techcrunch.com
GoPro, Inc. (NASDAQ: GPRO) is planning to move most of its US-bound camera production out of China by the summer of 2019. The decision is a result of the ongoing trade war uncertainties between China and the Trump Government. Moving out of China would mitigate the impact of any new tariffs. GoPro is an American technology company that manufactures eponymous action cameras and develops its own mobile apps and video-editing software. The Company trades at a market capitalization of $738 million and has a price-to-book multiple of 4.02x.
