AK Steel Holding Corporation (AKS) Plunges 13% on January 30

Equities Staff  |

AK Steel Holding Corporation (AKS) had a rough trading day for Tuesday January 30 as shares tumbled 13%, or a loss of $-0.82 per share, to close at $5.49. After opening the day at $6.40, shares of AK Steel Holding Corporation traded as high as $6.50 and as low as $5.35. Volume was 55.48 million shares over 128,693 trades, against an average daily volume of 16.95 million shares and a total float of 314.88 million.

As a result of the decline, AK Steel Holding Corporation now has a market cap of $1.73 billion.

The stock has a P/E Ratio of 90.1.

In the last year, shares of AK Steel Holding Corporation have traded between a range of $9.19 and $4.00, and its 50-day SMA is currently $5.60 and 200-day SMA is $5.76.

For a complete fundamental analysis of AK Steel Holding Corporation, check out Equities.com’s Stock Valuation Analysis report for AKS.

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AK Steel Holding Corp is engaged in manufacturing steel products such as flat-rolled, carbon, electrical, and stainless steel as well as tubular products for the automotive, construction, appliance, and machinery end markets.

AK Steel Holding Corporation is based out of West Chester, OH and has some 8,500 employees. Its CEO is Roger K. Newport.

AK Steel Holding Corporation is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on AK Steel Holding Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: AKS’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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