Today's Pre-Market Mover With Heavy Volume: ArcelorMittal (MT)
Trade-Ideas LLC identified
(
) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified ArcelorMittal as such a stock due to the following factors:
- MT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $49.7 million.
- MT traded 1.6 million shares today in the pre-market hours as of 8:20 AM, representing 15.5% of its average daily volume.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in MT with the Ticky from Trade-Ideas. See the FREE profile for MT NOW at Trade-Ideas
More details on MT:
ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates through five segments: NAFTA; Europe; Brazil and Neighboring Countries (Brazil); Africa & Commonwealth of Independent States (ACIS); and Mining. The stock currently has a dividend yield of 3.2%. Currently there are 4 analysts that rate ArcelorMittal a buy, no analysts rate it a sell, and 2 rate it a hold.
The average volume for ArcelorMittal has been 8.9 million shares per day over the past 30 days. ArcelorMittal has a market cap of $8.9 billion and is part of the basic materials sector and metals & mining industry. Shares are down 52.6% year-to-date as of the close of trading on Tuesday.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Analysis:
rates ArcelorMittal as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk.
Highlights from the ratings report include:
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Metals & Mining industry. The net income has significantly decreased by 3331.8% when compared to the same quarter one year ago, falling from $22.00 million to -$711.00 million.
- The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Metals & Mining industry and the overall market on the basis of return on equity, ARCELORMITTAL SA underperformed against that of the industry average and is significantly less than that of the S&P 500.
- The gross profit margin for ARCELORMITTAL SA is currently extremely low, coming in at 8.67%. It has decreased from the same quarter the previous year.
- Net operating cash flow has declined marginally to $473.00 million or 5.58% when compared to the same quarter last year. Despite a decrease in cash flow of 5.58%, ARCELORMITTAL SA is still significantly exceeding the industry average of -55.88%.
- MT's debt-to-equity ratio of 0.61 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Even though the debt-to-equity ratio shows mixed results, the company's quick ratio of 0.41 is very low and demonstrates very weak liquidity.
- You can view the full ArcelorMittal Ratings Report.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.