Mechel PAO (NYSE:MTL) will post its quarterly earnings results before the market opens on Wednesday, August 23rd.
Shares of Mechel PAO (NYSE MTL) opened at 5.13 on Tuesday. The firm has a market capitalization of $1.07 billion, a PE ratio of 4.65 and a beta of -1.08. The company’s 50-day moving average price is $4.90 and its 200-day moving average price is $5.16. Mechel PAO has a 12-month low of $1.80 and a 12-month high of $6.83.
Separately, BidaskClub upgraded shares of Mechel PAO from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th.
An institutional investor recently raised its position in Mechel PAO stock. State Street Corp boosted its stake in shares of Mechel PAO (NYSE:MTL) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 641,907 shares of the basic materials company’s stock after buying an additional 32,119 shares during the period. State Street Corp owned about 0.31% of Mechel PAO worth $2,972,000 at the end of the most recent reporting period. 8.35% of the stock is currently owned by institutional investors and hedge funds.
Mechel PAO Company Profile
Mechel PAO, formerly Mechel OAO, is a holding company. The Company operates in the mining, steel and power industry segments. Its segments include Steel segment, comprising production and sales of semi-finished steel products, carbon and specialty long products, carbon and stainless flat products, and value-added downstream metal products, including forgings, stampings, and hardware, and ferrosilicon; Mining segment, comprising production and sales of coal (coking and steam), and middlings, coke and chemical products, and iron ore, which supplies raw materials to the Steel and Power segments, and also sells raw materials to third parties, and Power segment, comprising generation and sales of electricity and heat power, which supplies electricity and heat power to the Steel and Mining segments, and also sells a portion of electricity and heat power to third parties.
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