ArcelorMittal (NYSE:MT) Sets New 1-Year Low at $12.53
ArcelorMittal SA (NYSE:MT)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $12.53 and last traded at $12.63, with a volume of 60270 shares trading hands. The stock had previously closed at $12.65.
MT has been the topic of several research reports. TheStreet downgraded shares of ArcelorMittal from a “b-” rating to a “c+” rating in a report on Tuesday, May 21st. ValuEngine downgraded shares of ArcelorMittal from a “sell” rating to a “strong sell” rating in a research note on Friday, May 24th. Finally, Goldman Sachs Group upgraded shares of ArcelorMittal from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. ArcelorMittal presently has a consensus rating of “Hold” and a consensus price target of $26.79.
The firm has a market capitalization of $12.90 billion, a PE ratio of 2.20 and a beta of 2.35. The company has a quick ratio of 0.52, a current ratio of 1.41 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $16.26.
Several large investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV bought a new stake in shares of ArcelorMittal during the 1st quarter worth approximately $254,000. Investors Research Corp purchased a new position in shares of ArcelorMittal in the 1st quarter valued at $166,000. Geode Capital Management LLC increased its holdings in shares of ArcelorMittal by 289.5% in the 4th quarter. Geode Capital Management LLC now owns 27,293 shares of the basic materials company’s stock valued at $563,000 after acquiring an additional 20,285 shares during the period. BB&T Corp increased its holdings in shares of ArcelorMittal by 1.2% in the 1st quarter. BB&T Corp now owns 55,188 shares of the basic materials company’s stock valued at $1,125,000 after acquiring an additional 661 shares during the period. Finally, Wedbush Securities Inc. increased its holdings in shares of ArcelorMittal by 76.9% in the 1st quarter. Wedbush Securities Inc. now owns 23,917 shares of the basic materials company’s stock valued at $487,000 after acquiring an additional 10,394 shares during the period. 2.67% of the stock is currently owned by hedge funds and other institutional investors.
ArcelorMittal Company Profile (NYSE:MT)
ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through five segments: NAFTA, Brazil, Europe, ACIS, and Mining. The company produces finished and semi-finished steel products with various specifications.
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