AK Steel Holding Corporation (NYSE:AKS) belongs to Basic Materials sector and Steel & Iron. AKS stock opened its last trade at $5.46 and after floating in a range of $5.44 to $6.20, settled at $6.18.
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The Company has received rating from WSJ analysts.
Insider Activity: Insiders look optimistic about the prospects of the company that they seem to accumulate shares while they are 175.89 up so far this year.
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Shares of AK Steel Holding Corporation (NYSE:AKS) closed the trading at a price of $5.42 with the negative change of -1.63%. Newport Roger K now have 160,784 shares in the company after this transaction. The company net profit margin is -3.30% and gross profit margin is 10.30%.
While Looking at the Earnings Estimates of the company, The Average Earnings Estimate for the Current Fiscal quarter is measured as -$0.02 by 14 analysts.
AK Steel Holding Corporation has 178,370,000 shares which are now outstanding with a price of 6.66 calculating AK Steel Holding Corporation’s market capitalisation to 1.19B Dollars. Overweight rating was given by 0 analysts and Underweight rating was given by 1 analysts. The weekly performance of the company stands at -1.61 percent while it’s 1-month and 3-month returns are 15.51 percent and 12.68 percent.
The current quarter EPS consensus estimate is -0.49 with revenue estimates of 2.67B. The stock was upgraded to Outperform from Underperform, wrote analysts at Credit Suisse, in a note issued to clients on Wednesday June 08, 2016.
AK Steel shares have more than doubled since the beginning of the year.
During the last trading session, the stock’s price changed -9.07% below its 200 day moving average of $10.14 and moving -9.37% downbeat it’s SMA 50 of $10.17. Vetr cut United States Steel Corp. from a “sell” rating to a “strong sell” rating and set a $16.63 target price for the company.in a report on Monday, May 2nd.
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However, shipments of higher value coated products, which are sold mostly to the automotive market, rose to 53% of total shipments in Q2, up from 45% a year ago.
