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New York, NY -- (SBWIRE) -- 03/12/2013 -- StockRunway.com issues special report on the Top-Moving Steel & Iron Companies – CompanhiaSiderurgicaNacional (ADR) (NYSE:SID), AK Steel Holding Corporation (NYSE:AKS), ArcelorMittal (ADR) (NYSE:MT).
CompanhiaSiderurgicaNacional (ADR) (NYSE:SID) declined -3.31% and closed at $5.26 in the last trading session with the total traded volume of 4.66 million shares. That’s more than the average volume of 4.67 million. Brazilian steelmaker has been given permission to resume construction Friday on a long-steel plant in Rio de Janeiro state after paying an overdue fee to environmental regulators.
Has SID Found The Bottom and Ready To Move Up? Find Out Here
State environmental regulator Inea disclosed that the company, popular as CSN, has made payment of 2.3 million Brazilian reais ($1.4 million) to compensate for the plant's environmental impact, including a fine imposed for late payment. CSN was ordered by Inea to stop construction work on the plant Tuesday as the deadline for paying the fees had passed.
SID is now trading above its 50 day moving average of -4.98% and 200 day moving average of -3.71%. It has outstanding shares of 1.46billion with the total market cap of $7.67 billion and its beta value stands at 1.85 times which shows that stock is less volatile.
AK Steel Holding Corporation (NYSE:AKS) fell -2.08% to close at $3.77 and its overall volume in the last trading session was 3.30 million shares, lower than the average volume of 6.91 million. CRT Capital had reiterated its buy rating on the stock.
AKS hit the day high price of $3.85 and day low of $3.76. The stock is trading with negative year-to-date performance of -18.04%. It has current ratio of 1.78. The company has total market cap of $513.74 million.
Has AKS Found The Bottom And Ready To Gain Momentum? Find Out Here
ArcelorMittal (ADR) (NYSE:MT) surged +1.15% with the closing price of $14.89. Zacks had reiterated its Underperform rating on the stock after its lackluster fourth-quarter 2012 results. The rating firm’s outlook reflects the weak steel pricing environment and softness across end markets.
The overall volume in the last trading session was 4.59 million shares. Its fifty two week range was $13.28-$21.61. The total market capitalization remained $23.07 billion. The stock is ahead its 52 week low with 14.94% and its last month price volatility remained 2.17%. Its beta coefficient was 2.16 with a target price of $18.73. In its share capital, the company has 1.67billion outstanding shares while 977.13 million shares have been floated in market.
For How Long MT will Fight for Profitability? Read This Trend Analysis report
Its institutional ownership remained 2.92%. Its current year earnings per share dropped with -367.40% while the five year EPS growth rate was -41.01%.
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