In morning trade the GUD Holdings Limited (ASX: GUD) share price is pushing higher.
At the time of writing, the diversified products company’s shares are up 1% to $13.34.
Why is the GUD share price pushing higher?
Investors have been buying the company’s shares following the release of a trading update after the market close on Wednesday.
According to the release, the company’s performance during the third quarter has been in line with expectations.
The Automotive business has experienced strong workshop end user demand, which has underpinned year to date organic sales growth of 15%.
Management also revealed that it could be adding to the business in the near future. It advised that there is no shortage of aftermarket…