AK Steel Holding Co. (NYSE:AKS)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $3.31 and last traded at $3.30, with a volume of 230346 shares traded. The stock had previously closed at $3.17.

AKS has been the subject of several research analyst reports. ValuEngine upgraded AK Steel from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. upgraded AK Steel from an “underweight” rating to a “neutral” rating in a report on Wednesday. UBS Group reiterated a “sell” rating and issued a $2.00 price objective (down previously from $2.25) on shares of AK Steel in a report on Thursday, November 14th. Finally, Exane BNP Paribas assumed coverage on AK Steel in a research note on Thursday, November 14th. They set an “underperform” rating and a $2.00 target price on the stock. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. AK Steel currently has an average rating of “Hold” and an average target price of $2.44.

The firm has a market capitalization of $996.72 million, a PE ratio of 5.11, a PEG ratio of 1.54 and a beta of 3.14. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.70 and a current ratio of 2.06. The company’s 50-day moving average price is $2.64 and its 200-day moving average price is $2.38.

AK Steel (NYSE:AKS) last announced its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.64 billion. AK Steel had a return on equity of 42.48% and a net margin of 1.50%. AK Steel’s revenue was down 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 earnings per share. As a group, analysts anticipate that AK Steel Holding Co. will post 0.36 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in AKS. Financial Advocates Investment Management lifted its holdings in shares of AK Steel by 133.8% in the 2nd quarter. Financial Advocates Investment Management now owns 33,725 shares of the basic materials company’s stock valued at $80,000 after buying an additional 19,300 shares during the period. Pinebridge Investments L.P. raised its stake in shares of AK Steel by 248.9% during the 2nd quarter. Pinebridge Investments L.P. now owns 366,240 shares of the basic materials company’s stock worth $868,000 after buying an additional 261,282 shares during the last quarter. State of Tennessee Treasury Department raised its stake in shares of AK Steel by 94.3% during the 3rd quarter. State of Tennessee Treasury Department now owns 248,609 shares of the basic materials company’s stock worth $564,000 after buying an additional 120,670 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of AK Steel by 9.6% in the 3rd quarter. SG Americas Securities LLC now owns 338,163 shares of the basic materials company’s stock worth $768,000 after buying an additional 29,588 shares in the last quarter. Finally, Advisor Group Inc. boosted its position in shares of AK Steel by 12.4% in the 2nd quarter. Advisor Group Inc. now owns 59,232 shares of the basic materials company’s stock worth $138,000 after buying an additional 6,521 shares in the last quarter. 59.33% of the stock is currently owned by institutional investors and hedge funds.

About AK Steel (NYSE:AKS)

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, and stainless and electrical steel products in the United States and internationally. It produces flat-rolled carbon steel products, including coated, cold-rolled, and hot-rolled carbon steel products; grain-oriented specialty stainless and electrical steels; and carbon and stainless steel tubing products.

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