AK Steel Holding (AKS) Reaches $4.65 After 6.00% Up Move; SMITH-MIDLAND CORPORATION (SMID) Shorts Lowered By 14.29%

May 22, 2018 - By Michael Collier

Smith-Midland Corporation (OTCMKTS:SMID) Logo

The stock of AK Steel Holding Corporation (NYSE:AKS) is a huge mover today! The stock increased 4.26% or $0.19 during the last trading session, reaching $4.65. About 6.95 million shares traded. AK Steel Holding Corporation (NYSE:AKS) has declined 38.26% since May 22, 2017 and is downtrending. It has underperformed by 49.81% the S&P500.The move comes after 7 months positive chart setup for the $1.47 billion company. It was reported on May, 22 by Barchart.com. We have $4.93 PT which if reached, will make NYSE:AKS worth $87.96 million more.

SMITH-MIDLAND CORPORATION (OTCMKTS:SMID) had a decrease of 14.29% in short interest. SMID’s SI was 1,200 shares in May as released by FINRA. Its down 14.29% from 1,400 shares previously. With 20,200 avg volume, 0 days are for SMITH-MIDLAND CORPORATION (OTCMKTS:SMID)’s short sellers to cover SMID’s short positions. The SI to SMITH-MIDLAND CORPORATION’s float is 0.03%. It closed at $8.5 lastly. It is down 0.00% since May 22, 2017 and is . It has underperformed by 11.55% the S&P500.

Smith-Midland Corporation, through its subsidiaries, invents, develops, makes, markets, leases, licenses, sells, and installs precast concrete products primarily for use in the construction, highway, utilities, and farming industries in the United States. The company has market cap of $43.18 million. The firm offers Easi-Set SlenderWall lightweight construction panels, which are exterior cladding systems used for the exterior walls of buildings; and Easi-Set Sierra Wall that provides sound and sight barrier for use in highway projects, as well as residential, industrial, and commercial purposes. It has a 16.04 P/E ratio. It also provides Easi-Set J-J Hooks highway safety barriers for use on roadways to separate lanes of traffic for construction work zone or traffic control purposes; and Easi-Set precast building and Easi-Span expandable precast buildings for use in communications operations, government applications, utilities installations, and commercial and industrial locations.

Among 21 analysts covering AK Steel Holding Corporation (NYSE:AKS), 8 have Buy rating, 2 Sell and 11 Hold. Therefore 38% are positive. AK Steel Holding Corporation had 90 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, October 26 by Bank of America. The firm has “Neutral” rating given on Wednesday, January 25 by JP Morgan. The stock of AK Steel Holding Corporation (NYSE:AKS) has “Hold” rating given on Tuesday, January 30 by Jefferies. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Buy” rating by Rosenblatt on Monday, August 22. On Friday, June 23 the stock rating was upgraded by Deutsche Bank to “Buy”. As per Tuesday, January 12, the company rating was maintained by Barclays Capital. The firm earned “Market Perform” rating on Wednesday, October 26 by Cowen & Co. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Buy” rating by Longbow on Monday, June 19. On Wednesday, November 1 the stock rating was maintained by JP Morgan with “Neutral”. The rating was initiated by BB&T Capital on Thursday, September 10 with “Hold”.

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless, and electrical steels and tubular products in the United States and internationally. The company has market cap of $1.47 billion. It produces flat-rolled carbon steel products, including coated, cold-rolled, and hot-rolled carbon steel products; specialty stainless and electrical steels in sheet and strip forms; and carbon and stainless steel that is finished into welded steel tubing. It has a 232.5 P/E ratio. The firm also buys and sells steel and steel products, and other materials; and produces metallurgical coal from reserves in Pennsylvania.

Analysts await AK Steel Holding Corporation (NYSE:AKS) to report earnings on July, 24. They expect $0.21 earnings per share, up 10.53% or $0.02 from last year’s $0.19 per share. AKS’s profit will be $66.21M for 5.54 P/E if the $0.21 EPS becomes a reality. After $0.09 actual earnings per share reported by AK Steel Holding Corporation for the previous quarter, Wall Street now forecasts 133.33% EPS growth.

More notable recent AK Steel Holding Corporation (NYSE:AKS) news were published by: Seekingalpha.com which released: “US imposes duties on Chinese steel shipped from Vietnam” on May 21, 2018, also Globenewswire.com with their article: “GM Recognizes AK Steel for Performance, Quality, and Innovation” published on April 24, 2018, Streetinsider.com published: “Wall St. rises on trade war truce; industrials lead” on May 21, 2018. More interesting news about AK Steel Holding Corporation (NYSE:AKS) were released by: Bizjournals.com and their article: “Greater Cincinnati company joins 2018 Fortune 500 list” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “US Steel, AK Steel tumble on Trump tariff delay” with publication date: May 21, 2018.

AK Steel Holding Corporation (NYSE:AKS) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:

Recent Posts