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.

ArcelorMittal (NYSE:MT) last announced its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. The firm had revenue of $19.28 billion for the quarter, compared to the consensus estimate of $18.90 billion. ArcelorMittal had a return on equity of 8.39% and a net margin of 2.73%. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.83 earnings per share. As a group, research analysts anticipate that ArcelorMittal SA will post 0.96 earnings per share for the current year.

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.

Further Reading: Why is momentum important to successful trading?

Receive News & Ratings for ArcelorMittal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArcelorMittal and related companies with MarketBeat.com's FREE daily email newsletter.