AKS - Hold Off On AK Steel
AK Steel (AKS) is a leading producer of flat-rolled carbon, stainless, and electrical steel products, primarily for the automotive, infrastructure, and manufacturing, including electrical power and distributors and converters markets.
Currently, AKS is trading relatively close to its 52-week lows and looks relatively cheap according to P/E and P/S.
AKS reported their Q1 2019 earnings on April 29, 2019, however, we do not yet see this stock as a buy.
Source: YCharts
Source: AKS Q1 2019 - Earnings Report
Net sales for Q1 2019 came at $1.7bn, up 2.3% from Q1 2018. This