Stock Research Monitor: CMC, MT, and RS
LONDON, UK / ACCESSWIRE / July 27, 2018 / If you want a free Stock Review on AKS sign up now at www.wallstequities.com/registration. WallStEquities.com tracks the recent performance of AK Steel Holding Corp. (NYSE: AKS), Commercial Metals Co. (NYSE: CMC), ArcelorMittal (NYSE: MT), and Reliance Steel & Aluminum Co. (NYSE: RS). The Steel and Iron industry is a basis for the development of a number of industries in the global economy: the defense industry; transportation and heavy engineering; and energy and construction, including aeronautical and shipping construction. All you have to do is sign up today for this free limited time offer by clicking the link below.
AK Steel Holding
West Chester, Ohio headquartered AK Steel Holding Corp.'s stock finished Thursday's session 0.57% lower at $5.19. A total volume of 21.56 million shares was traded, which was above their three months average volume of 12.87 million shares. The Company's shares have advanced 15.59% in the past month and 7.45% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 11.63% and 2.95%, respectively. Furthermore, shares of AK Steel, which through its subsidiary, AK Steel Corp., produces flat-rolled carbon, stainless, and electrical steels, and tubular products in the US and internationally, have a Relative Strength Index (RSI) of 68.95.
On July 09th, 2018, research firm Deutsche Bank downgraded the Company's stock rating from 'Buy' to 'Hold' while revising its previous target price from $6 a share to $5 a share.
On July 11th, 2018, AK Steel Holding's Zanesville (Ohio) Works and Coshocton (Ohio) Works have been recognized for outstanding safety performance by the Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene. The recognition is part of a collaborative safety awareness program established by the Zanesville - Muskingum County - Safety Council and Chamber of Commerce and by the Coshocton County Safety Council and Chamber of Commerce. Get the full research report on AKS for free by clicking below at:
Shares in Irving, Texas headquartered Commercial Metals Co. ended at $22.29, down 1.20% from the last trading session. The stock recorded a trading volume of 723,842 shares. The Company's shares have gained 0.86% in the last month, 2.29% in the previous three months, and 14.60% over the past year. The stock is trading 0.45% above its 200-day moving average. Moreover, shares of Commercial Metals, which manufactures, recycles, and markets steel and metal products, and related materials and services in the US and internationally, have an RSI of 51.01. Gain free access to the research report on CMC at:
Luxembourg City, Luxembourg headquartered ArcelorMittal's stock ended yesterday's session 0.29% lower at $31.26. A total volume of 4.32 million shares was traded, which was above their three months average volume of 2.81 million shares. The Company's shares have advanced 3.54% in the past month and 21.59% over the past year. The stock is trading 1.79% below its 50-day moving average. Additionally, shares of ArcelorMittal, which together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa, have an RSI of 55.98.
On July 20th, 2018, ArcelorMittal announced the publication of Q2 and first-half 2018 EBITDA sell-side analysts' consensus figures. The consensus figures are based on 21 analysts' estimates recorded on an external, web-based tool provided and managed by an independent company, Vuma Financial Services Limited. EBITDA consensus average for Q2 2018 was $2,851 million, while EBITDA consensus average for the first half of 2018 was $5,363 million. Signing up today on Wall St. Equities will give you access to the latest report on MT at:
Reliance Steel & Aluminum
On Thursday, shares in Los Angeles, California headquartered Reliance Steel & Aluminum Co. recorded a trading volume of 1.04 million shares, which was above their three months average volume of 486,430 shares. The stock finished 0.20% higher at $92.11. The Company's shares have advanced 1.84% in the last month and 24.64% over the past year. The stock is trading above its 200-day moving average by 6.03%. Furthermore, shares of the Company, which operates as a metals service center company in the US and internationally, have an RSI of 55.14.
On July 10th, 2018, research firm Jefferies upgraded the Company's stock rating from ‘Hold' to ‘Buy'.
On July 26th, 2018, Reliance Steel & Aluminum reported its results for Q2 ended June 30th, 2018. Net sales of $2.99 billion for the quarter set a new Company record, tons sold were up 2.9%, and gross profit dollars were a record $917.5 million, with a gross profit margin of 30.7%. Pre-tax income for Q2 2018 was a record $306.6 million, and net income attributable to the Company was $230.8 million. Register now for today's free coverage on RS at:
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