Skip to main content

NEW YORK (

TheStreet

) --

ArcelorMittal

(NYSE:

MT

) hit a new 52-week low Thursday as it is currently trading at $13.84, below its previous 52-week low of $13.96 with 1.3 million shares traded as of 10 a.m. ET. Average volume has been 7.1 million shares over the past 30 days.

ArcelorMittal has a market cap of $23.3 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are down 17.9% year to date as of the close of trading on Wednesday.

Scroll to Continue

TheStreet Recommends

ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company has a P/E ratio of 16.6, below the average metals & mining industry P/E ratio of 29.3 and below the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates ArcelorMittal as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full

ArcelorMittal Ratings Report

.

See all

52-week low stocks

or get investment ideas from our

investment research center

.

null