Schnitzer Steel Industries Inc. (SCHN) Soars 5.98% on January 17

Equities Staff  |

Schnitzer Steel Industries Inc. (SCHN) had a good day on the market for Thursday January 17 as shares jumped 5.98% to close at $23.74. About 394,935 shares traded hands on 4,308 trades for the day, compared with an average daily volume of n/a shares out of a total float of 27.03 million. After opening the trading day at $22.40, shares of Schnitzer Steel Industries Inc. stayed within a range of $24.18 to $22.35.

With today's gains, Schnitzer Steel Industries Inc. now has a market cap of $641.6 million.

The stock has a P/E Ratio of 4.2. Shares of Schnitzer Steel Industries Inc. have been trading within a range of $38.15 and $20.94 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Schnitzer Steel Industries is one of the largest ferrous and nonferrous scrap metal recyclers in the U.S. and a primary exporter of scrap metal to foreign purchasers. Its metal recycling business collects and recycles auto bodies, rail cars, appliances, machinery, and construction demolition. Additionally, Schnitzer operates an auto-parts business that purchases obsolete vehicles and sells any useful parts to retail customers and a steelmaking business that supplies construction products along the West Coast.

Schnitzer Steel Industries Inc. is based out of Portland, OR and has some 3,575 employees. Its CEO is Tamara L. Lundgren.

For a complete fundamental analysis of Schnitzer Steel Industries Inc., check out’s Stock Valuation Analysis report for SCHN.

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Schnitzer Steel Industries Inc. 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 Schnitzer Steel Industries Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: SCHN’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’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 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:



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