Mechel OAO (MTL) was a big mover last session, as the company saw its shares rise by over 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 56.1% in the past one-month time frame.
None of the estimates for this steel and iron industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Mechel OAO has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked steel and iron stocks include United States Steel Corp. (X), Angang Steel Company Limited (ANGGY) and Evraz Highveld Steel & Vanadium Ltd. (HGVLY). While United States Steel Corp. holds a Zacks Rank #1 (Strong Buy), Angang Steel Company Limited and Evraz Highveld Steel & Vanadium Ltd. carry a Zacks Rank #2 (Buy).
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