|Bid||0.0000 x 40000|
|Ask||0.0000 x 3200|
|Day's Range||1.5500 - 1.7000|
|52 Week Range||1.5500 - 3.5900|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||44.29|
|Earnings Date||Jul 27, 2020 - Jul 31, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.25|
Moody's Investors Service, ("Moody's") has withdrawn the ratings on AK Steel Corporation's (AK Steel) 7.625% notes due 2021, the 7.5% notes due 2023, the 6.375% notes due 2025, the 7% notes due 2027 and the IRB's. The ratings were withdrawn due to insufficient information to maintain the Credit Rating. Moody's has decided to withdraw the ratings because of inadequate information to monitor the ratings, due to the issuer's decision to cease participation in the rating process.
Moody's Investors Service, ("Moody's") assigned a Ba3 rating to Cleveland Cliffs (Cliffs) $400 million guaranteed senior secured note issue. All other ratings remain unchanged including the SGL-2 speculative grade liquidity rating. Proceeds will be used to enhance liquidity and for general corporate purposes, including repayment of amounts drawn under the asset-based revolver to partially fund the acquisition of AK Steel.
Moody's Investors Service, ("Moody's") changed the rating outlook for SunCoke Energy Inc. (SunCoke) to negative. "The change in the outlook to negative reflects a significant deterioration in the North American steel industry conditions and the uncertainty around the company's cokemaking take-or-pay contracts expiring in 2020 and 2021," said Botir Sharipov, Vice President and lead analyst for SunCoke Energy Inc.
The deal means Dayton has one less publicly traded company, though Cliffs plans to maintain a "significant presence" at AK Steel's current headquarters office, as well as its Research and Innovation Center in Middletown.
Newport's compensation included a mixture of salary, stocks and options, non-equity incentive plans, changes in pension value, nonqualified deferred earnings and other awards.
Stocks in the Dayton area faced more woes on Wednesday amid a global pandemic and an intensifying price war between Saudi Arabian and Russian oil companies that has dragged the Dow Jones Industrial Index into its first bear market in more than 11 years.
Glaukos Corp. (NYSE: GKOS) will replace AK Steel Holding Corp. (NYSE: AKS) in the S&P; SmallCap 600 effective prior to the open of trading on Friday, March 13. S&P; SmallCap 600 constituent Cleveland-Cliffs Inc. (NYSE: CLF) is acquiring AK Steel Holding in a transaction expected to be completed soon pending final conditions.
The new buyer of AK Steel warned lawmakers on Thursday that without better protection against imports of electrical steel products into the United States, two of the company's mills would be forced to close with the loss of 1,600 jobs. Lourenco Goncalves, chairman and chief executive officer of iron ore miner Cleveland-Cliffs Inc, said the AK Steel mills in Butler, Pennsylvania and Zanesville, Ohio - the last producers of grain-oriented electrical steels in the United States - are unprofitable because of a loophole in President Donald Trump's "Section 232" steel tariffs.
Stocks in the Dayton area faced more woes on Friday as concerns surrounding the coronavirus outbreak pushed global equity markets deeper into their worst week since the 2008 financial crisis.
Moody's Investors Service, ("Moody's") confirmed Cleveland-Cliffs Inc. (Cliffs) B1 Corporate Family Rating (CFR), B1-PD Probability of Default rating and its B3 senior unsecured notes rating. Moody's downgraded Cliffs guaranteed senior secured notes to Ba3 from Ba2, and its guaranteed senior unsecured notes to B2 from B1.
The Dow Jones Industrial Average suffered the biggest one-day point decline in history Thursday due to coronavirus concerns. Greater Cincinnati stocks got slammed along with the broad market.
AK Steel posted a fourth-quarter loss in its latest earnings report, missing analysts' earnings and sales estimates and sending share prices downward in advance of a pending $3 billion acquisition by Cleveland-Cliffs Inc.
WEST CHESTER, Ohio, Feb. 20, 2020 -- AK Steel (NYSE: AKS) today reported its financial results for the fourth quarter and full-year 2019. Fourth Quarter 2019 Highlights.
AK Steel (AKS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The city of Cincinnati is potentially losing two of its public companies to acquisition this year – one of them a Fortune 500 firm – but their executives stand to gain millions when their companies are sold.
During a previous update, both companies had begun forming integration planning teams to ensure a smooth transition. AK Steel and Cleveland-Cliffs have since made headway on that aspect of the deal, CEO Roger Newport told employees.
Let's see if AK Steel Holding Corporation (AKS) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
WILMINGTON, Del., Feb. 06, 2020 -- Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District Court for the District of.
WEST CHESTER, Ohio, Feb. 05, 2020 -- AK Steel (NYSE: AKS) said today that to align the timing of its fourth quarter and full-year 2019 earnings release with the updated timing.