AK Steel Holding Corporation (AKS) Soars 9.5% on March 01

Equities Staff  |

AK Steel Holding Corporation (AKS) had a good day on the market for Thursday March 01 as shares jumped 9.5% to close at $5.65. About 71.64 million shares traded hands on 158,411 trades for the day, compared with an average daily volume of 19.54 million shares out of a total float of 315.28 million. After opening the trading day at $5.59, shares of AK Steel Holding Corporation stayed within a range of $5.84 to $5.21.

With today's gains, AK Steel Holding Corporation now has a market cap of $1.78 billion.

The stock has a P/E Ratio of 516. Shares of AK Steel Holding Corporation have been trading within a range of $8.84 and $4.00 over the last year, and it had a 50-day SMA of $5.72 and a 200-day SMA of $5.63.

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.

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

Want to invest with the experts? Subscribe to Equities Premium newsletters today! Visit http://www.equitiespremium.com/ to learn more about Guild Investment’s Market Commentary and Adam Sarhan’s Find Leading Stocks today.

AK Steel Holding Corporation is also 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.



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments