Back to Main

AK Steel Holding (AKS) in Focus: Stock Soars 10% - Analyst Blog

By: Zacks.com
Posted: 9/19/2013 9:00:00 AM
Referenced Stocks: AKS;NSSMY;SHLO;SID

AK Steel Holding Corporation ( AKS ) was a big mover last session, as the company saw its shares rise by over 10% on the day. The move came on solid volume too, as more shares changed hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up more than 32% in the past one-month time frame.

The company has seen seven negative and two positive revisions in the past two months. Also, its earnings consensus has moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent rally can last.

AKS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Some better performing steel producers include Companhia Siderurgica Nacional ( SID ), Nippon Steel & Sumitomo Metal Corporation ( NSSMY ) and Shiloh Industries Inc. ( SHLO ). All these stocks hold a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>



AK STEEL HLDG (AKS): Free Stock Analysis Report

NIPPON STEEL CP (NSSMY): Get Free Report

SHILOH INDS INC (SHLO): Get Free Report

CIA SIDERUR-ADR (SID): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research