Stelco (TSE:STLC) Shares Up 0.5%

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Stelco Holdings Inc (TSE:STLC)’s stock price shot up 0.5% on Wednesday . The company traded as high as C$11.28 and last traded at C$10.98, 109,272 shares were traded during trading. A decline of 37% from the average session volume of 172,497 shares. The stock had previously closed at C$10.93.

A number of research firms have weighed in on STLC. JPMorgan Chase & Co. reduced their price objective on shares of Stelco from C$23.00 to C$15.00 in a research note on Monday, September 23rd. National Bank Financial reduced their price objective on shares of Stelco from C$15.00 to C$10.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 8th.

The firm has a market capitalization of $951.18 million and a P/E ratio of 6.33. The company has a current ratio of 1.56, a quick ratio of 0.74 and a debt-to-equity ratio of 64.12. The business’s 50 day simple moving average is C$10.78 and its two-hundred day simple moving average is C$12.45.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 3.64%. Stelco’s dividend payout ratio is currently 23.05%.

Stelco Company Profile (TSE:STLC)

Stelco Holdings Inc is Canada-based company and owner of one of the technologically advanced integrated steelmaking facilities in North America. The Company produce flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products as well as metallurgical coke. With gauge, crown, and shape control, as well as reliable uniformity of mechanical properties, The Company’s steel products are supplied to customers in the construction, automotive and energy industries across Canada and the United States, as well as to a variety of steel service centers, which are regional distributors of steel products.

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