Headlines about Steel Dynamics (NASDAQ:STLD) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Steel Dynamics earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 47.1508148513978 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Steel Stocks Take Flight as DOC Proposes Tariffs on Imports (zacks.com)
- Steel Dynamics (STLD) Upgraded at BidaskClub (americanbankingnews.com)
- [$$] US steelmaker shares forge ahead on trade recommendations (finance.yahoo.com)
- Kinross to Acquire Power Plants in Brazil for $257 million (finance.yahoo.com)
- Steel Yourself! Tariffs Get Investors Excited About Metal Again (finance.yahoo.com)
Steel Dynamics (STLD) traded up $2.26 during trading hours on Monday, hitting $49.40. The company’s stock had a trading volume of 6,324,300 shares, compared to its average volume of 2,624,088. The stock has a market capitalization of $11,710.00, a P/E ratio of 11.96, a P/E/G ratio of 1.07 and a beta of 1.34. Steel Dynamics has a 12-month low of $32.15 and a 12-month high of $49.67. The company has a current ratio of 4.04, a quick ratio of 2.29 and a debt-to-equity ratio of 0.74.
About Steel Dynamics
Steel Dynamics, Inc is a steel producing and a metal recycling company. The Company is engaged in the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products. Its segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations.
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