Mechel PAO (NYSE:MTL) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $2.38 and last traded at $2.40, with a volume of 1008 shares changing hands. The stock had previously closed at $2.44.

The company has a debt-to-equity ratio of -0.08, a current ratio of 0.15 and a quick ratio of 0.06.

An institutional investor recently raised its position in Mechel PAO stock. Millennium Management LLC lifted its holdings in Mechel PAO (NYSE:MTL) by 86.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,500 shares of the basic materials company’s stock after buying an additional 19,286 shares during the quarter. Millennium Management LLC’s holdings in Mechel PAO were worth $218,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.29% of the company’s stock.

Mechel PAO Company Profile (NYSE:MTL)

Mechel PAO, together with its subsidiaries, engages in mining, steel, and power businesses in Russia, Asia, Europe, the Commonwealth of Independent States, the Middle East, the United States, and internationally. Its Mining segment produces and sells coking, metallurgical, and steam coal; coke; chemical products, including coal tar, coal benzene, and other compounds; and iron ore and iron ore concentrates, as well as offers sea, rail, and motor transportation logistics services to third parties.

Further Reading: Short Selling

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