10 Stocks Under $4 With Upside
6. General Steel Holdings (GSI) operates through a portfolio of Chinese steel companies serving various industries and engages in the manufacture of a multiplicity of steel products. The company has interests in four steel-related subsidiaries.
The company is scheduled to release its fourth quarter and full-year 2010 results on Mar. 16, before the market opens. Sales for fourth-quarter 2010 are expected at $471.76 million, compared to $460.3 million recorded in the previous quarter and $451.9 million in the year ago-quarter, based on consensus estimates of analysts polled by Reuters. Earnings per share are seen at 13 cents for the quarter as opposed to a loss of 26 cents in the same quarter a year ago.
Of the two analysts covering the stock, 50% recommend a buy while the remaining rate a hold. There are no sell ratings on the stock. Data from Bloomberg has analysts predicting average 12-month price target of $4.0, about 63.3% higher than the stock's recent price.
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