Stelco Holdings Inc (TSE:STLC) fell 4.3% on Tuesday . The stock traded as low as C$10.88 and last traded at C$10.91, 89,486 shares traded hands during mid-day trading. A decline of 49% from the average session volume of 174,628 shares. The stock had previously closed at C$11.40.
Several brokerages have recently weighed in on STLC. JPMorgan Chase & Co. reduced their price target on Stelco from C$23.00 to C$15.00 in a research report on Monday, September 23rd. National Bank Financial dropped their price objective on Stelco from C$15.00 to C$10.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 8th.
The company has a market cap of $1.01 billion and a P/E ratio of 3.47. The company has a 50 day moving average of C$10.29 and a 200-day moving average of C$12.96. The company has a debt-to-equity ratio of 32.39, a current ratio of 1.79 and a quick ratio of 0.86.
Stelco Company Profile (TSE:STLC)
Stelco Holdings Inc is Canada-based company and owner of one of the technologically advanced integrated steelmaking facilities in North America. The Company produce flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products as well as metallurgical coke. With gauge, crown, and shape control, as well as reliable uniformity of mechanical properties, The Company’s steel products are supplied to customers in the construction, automotive and energy industries across Canada and the United States, as well as to a variety of steel service centers, which are regional distributors of steel products.
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