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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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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