Schnitzer Steel Industries Shares Down 3.6
| SCHNDelisted Stock | USD 32.77 0.31 0.96% |
About 51% of SCHNITZER STEEL's investor base is interested to short. The analysis of current outlook of investing in SCHNITZER STEEL INDUSTRIES suggests that many traders are impartial regarding SCHNITZER STEEL's prospects. SCHNITZER STEEL's investing sentiment overview a quick insight into current market opportunities from investing in SCHNITZER STEEL INDUSTRIES. Many technical investors use SCHNITZER STEEL INDU stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
SCHNITZER |
Schnitzer Steel Industries, Inc. fell 3.6 percent on Monday . The stock traded as low as 30.35 and last traded at 30.39. 117,308 shares were traded during mid-day trading, a decline of 54 percent from the average session volume of 253,675 shares. The stock had previously closed at 31.54. Analyst Upgrades and Downgrades
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SCHNITZER STEEL Fundamental Analysis
We analyze SCHNITZER STEEL's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SCHNITZER STEEL using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SCHNITZER STEEL based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Earnings To Growth
Price To Earnings To Growth Comparative Analysis
SCHNITZER STEEL is currently under evaluation in price to earnings to growth category among its peers. PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.
SCHNITZER STEEL INDU Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with SCHNITZER STEEL stock to make a market-neutral strategy. Peer analysis of SCHNITZER STEEL could also be used in its relative valuation, which is a method of valuing SCHNITZER STEEL by comparing valuation metrics with similar companies.
Peers
SCHNITZER STEEL Related Equities
| PKX | POSCO Holdings | 1.74 | ||||
| MSB | Mesabi Trust | 1.13 | ||||
| MT | ArcelorMittal | 0.30 | ||||
| TX | Ternium SA | 0.20 | ||||
| USAP | Universal Stainless | 0.52 | ||||
| USNZY | Usinas Siderurgicas | 1.94 | ||||
| OUTKY | Outokumpu Oyj | 4.52 | ||||
| RS | Reliance Steel | 5.82 | ||||
| ZEUS | Olympic Steel | 7.83 |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Other Consideration for investing in SCHNITZER Stock
If you are still planning to invest in SCHNITZER STEEL INDU check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the SCHNITZER STEEL's history and understand the potential risks before investing.
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