ArcelorMittal (NYSE:MT) hit a new 52-week low Monday as it is currently trading at $11.14, below its previous 52-week low of $11.15 with 1.3 million shares traded as of 10:06 a.m. ET. Average volume has been 6.9 million shares over the past 30 days.
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) -- ArcelorMittal (NYSE: MT) hit a new 52-week low Monday as it is currently trading at $11.14, below its previous 52-week low of $11.15 with 1.3 million shares traded as of 10:06 a.m. ET. Average volume has been 6.9 million shares over the past 30 days. ArcelorMittal has a market cap of $18.09 billion and is part of the basic materials sector and metals & mining industry. Shares are down 34% year to date as of the close of trading on Friday. ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates through six segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa, and CIS; Distribution Solutions; and Mining.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
TheStreet Ratings rates ArcelorMittal 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 ArcelorMittal Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..