AKS - Today's Research Reports on Trending Tickers: AK Steel Holding and Arcelor Mittal
NEW YORK, NY / ACCESSWIRE / March 23, 2018 / U.S. markets slumped Thursday as concerns over a potential trade war with China continue to grow. The Dow Jones Industrial Average dropped 2.93 percent to close at 23,957.89, while the S&P 500 Index fell 2.52 percent to close at 2,643.69. The Nasdaq Composite Index declined 2.43 percent to close at 7,166.68. On Thursday, the Trump administration unveiled tariffs totaling up to $60 billion on Chinese products.
"Trump's protectionism is making investors nervous," Dario Perkins, managing director of global macro at TS Lombard, said in a note Thursday, according to CNBC. "Past experience suggests these policies are flawed, while even moderate trade barriers could disrupt today's complex global supply chains."
RDI Initiates Coverage on:
AK Steel Holding Corp.
https://rdinvesting.com/news/?ticker=AKS
Arcelor Mittal
https://rdinvesting.com/news/?ticker=MT
AK Steel's stock moved 8.72% lower Thursday, to close the day at $4.50. The stock recorded a trading volume of 27,021,448 shares, which was above its three months average volume of 21,576,900 shares. In the last year, AK Steel's shares have traded in a range of 4.00 - 7.70. The stock is currently trading 41.56% below its 52 week high. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $5.20 is below its 200-day moving average of $5.43. Shares of the company are trading at a Price to Earnings ratio of 225.00. Shares of AK Steel Holding have fallen roughly 19.93 percent in the past month and are down 20.49 percent year-to-date.
Access RDI's AK Steel Holding Corp. Research Report at:
https://rdinvesting.com/news/?ticker=AKS
On Thursday, shares of Arcelor Mittal recorded a trading volume of 3,857,539 shares, which was above the three months average volume of 3,473,483 shares. The stock ended the day 6.01% lower at 31.46. The share price has gained 60.59% from its 52-week low with a 52-week trading range of 19.59 - 37.50. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $33.78 is greater than its 200-day moving average of $31.18. Shares of the company are trading at a Price to Earnings ratio of 7.05. Shares of Arcelor Mittal have fallen roughly 9.99 percent in the past month and are down 2.63 percent year-to-date.
Access RDI's Arcelor Mittal Research Report at:
https://rdinvesting.com/news/?ticker=MT
Our Actionable Research on AK Steel Holding Corp. (NYSE:AKS) and Arcelor Mittal (NYSE:MT) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com