Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 1.7%. By the end of trading, Steel Dynamics fell $0.22 (-1.4%) to $15.76 on average volume. Throughout the day, 1,971,977 shares of Steel Dynamics exchanged hands as compared to its average daily volume of 1,987,700 shares. The stock ranged in price between $15.68-$16.12 after having opened the day at $16.05 as compared to the previous trading day's close of $15.98. Other companies within the Metals & Mining industry that declined today were:
), down 11.0%,
), down 7.8%,
), down 6.7% and
), down 5.7%.
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Steel Dynamics, Inc., together with its subsidiaries, produces and sells steel products in the United States and internationally. The company operates in three segments: Steel Operations, Metals Recycling and Ferrous Resources Operations, and Steel Fabrication Operations. Steel Dynamics has a market cap of $3.4 billion and is part of the basic materials sector. Shares are up 13.3% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Steel Dynamics a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Steel Dynamics Ratings Report.
On the positive front,
), up 21.2%,
), up 15.2%,
), up 14.9% and
), up 11.5% , were all gainers within the metals & mining industry with
) being today's featured metals & mining industry leader.
- Use our metals & mining section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider
) while those bearish on the metals & mining industry could consider
- Find other investment ideas from our top rated ETFs lists.