Why ArcelorMittal (MT) Stock Is Plunging Today

NEW YORK (TheStreet) -- Shares of ArcelorMittal (MT) are down -6.18% to $14,27 in pre-market trade after the steel producer warned today that it will miss its target for full-year earnings as it bears the brunt of lower commodity prices, despite swinging to a second quarter net profit for the first time in nearly two years, the Wall Street Journal reports.

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TheStreet Ratings team rates ARCELORMITTAL SA as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate ARCELORMITTAL SA (MT) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth and revenue growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and generally higher debt management risk.

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