Angang Steel (ANGGF) Projected to Post Earnings on Monday

Angang Steel (OTCMKTS:ANGGF) is projected to release its results before the market opens on Monday, March 30th. Analysts expect Angang Steel to post earnings of ($0.0166) per share and revenue of $3.5198 billion for the quarter.

Angang Steel Stock Performance

Shares of Angang Steel stock opened at $0.26 on Friday. The stock has a 50 day moving average price of $0.26 and a 200-day moving average price of $0.27. Angang Steel has a one year low of $0.15 and a one year high of $0.33.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded Angang Steel from a “neutral” rating to a “sell” rating in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Angang Steel Company Profile

Angang Steel Co, Ltd. (OTCMKTS:ANGGF) is the overseas-traded arm of Anshan Iron & Steel Group, one of China’s leading integrated steel producers. Headquartered in Anshan, Liaoning Province, the company’s operations span the full steel value chain, including iron ore mining, coke production, blast furnace steelmaking, rolling mills and downstream processing. Its product portfolio encompasses long and flat steel products such as hot-rolled and cold-rolled coils, structural sections, wire rods, seamless tubes and galvanized sheets, serving a broad range of industrial applications.

Founded in the mid-20th century, Angang Steel has expanded from its roots in northeastern China to become a key supplier to major sectors including construction, automotive, machinery, shipbuilding and energy.