Cliffs Natural Stock Gaps Down On Today's Open (CLF)
Shares of Cliffs Natural Resources (NYSE:CLF) were gapping down Wednesday morning with an open price 13.4% lower than Tuesday's closing price. The stock closed at $21.43 yesterday and opened today's trading at $18.55.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Shares of Cliffs Natural Resources (NYSE: CLF) were gapping down Wednesday morning with an open price 13.4% lower than Tuesday's closing price. The stock closed at $21.43 Tuesday and opened today's trading at $18.55.
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The average volume for Cliffs Natural has been 9.3 million shares per day over the past 30 days. Cliffs Natural has a market cap of $3.09 billion and is part of the basic materials sector and metals & mining industry. Shares are down 44.4% year to date as of the close of trading on Tuesday. Cliffs Natural Resources Inc., a mining and natural resources company, engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal. TheStreet Ratings rates Cliffs Natural as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Cliffs Natural Ratings Report. Get more investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.