Stock News Recap: Steel Dynamics, Inc. (NASDAQ/GS: STLD)

Steel Dynamics, Inc. (NASDAQ/GS: STLD) spotted trading -42.37% off 52-week high price. On the other end, the stock has been noted 3.84% away from the low price over the last 52-weeks. The stock changed -2.91% to recent value of $30.02. The stock transacted 1732732 shares during most recent day however it has an average volume of 2053.5K shares. The company has 223M of outstanding shares and 212.37M shares were floated in the market.  

Steel Dynamics, Inc. (NASDAQ/GS: STLD) announced that the company’s board of directors has declared a quarterly cash dividend of $0.24 per common share.  The dividend is payable to shareholders of record at the close of business on June 30, 2019, and is payable on or about July 12, 2019.

About Steel Dynamics, Inc.

Steel Dynamics is one of the largest domestic steel producers and metals recyclers in the United States based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.

 Its earnings per share (EPS) expected to touch remained 104.00% for this year while earning per share for the next 5-years is expected to reach at 4.34%. STLD has a gross margin of 19.10% and an operating margin of 12.90% while its profit margin remained 10.70% for the last 12 months. 

 According to the most recent quarter its current ratio was 4 that represents company’s ability to meet its current financial obligations. The price moved ahead of -6.35% from the mean of 20 days, -11.24% from mean of 50 days SMA and performed -20.96% from mean of 200 days price. Company’s performance for the week was -7.37%, -12.12% for month and YTD performance remained -0.07%.

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