How Is Arcelor Mittal (MT) Moving After Today's Reports?

By Naomi Wentworth • Thursday, December 08 09:40 • Permanent Link

Arcelor Mittal rose 3.0% during the morning session to $27.3 per share, as investors were unphased by worrying news from central Asia. As reported by Barrons: "Kazakhstan threatened Thursday to ban global steel giant ArcelorMittal from operating in the Central Asian country after another fatal accident at a factory belonging to the Luxemburg-based company." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.

ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in Europe, North and South America, Asia, and Africa. The company belongs to the Basic Materials sector, which has an average price to earnings (P/E) ratio of 8.57 and an average price to book (P/B) ratio of 1.86. In contrast, Arcelor Mittal has a trailing 12 month P/E ratio of 2.0 and a P/B ratio of 0.4.

Arcelor Mittal has moved -9.2% over the last year compared to -15.7% for the S&P 500 — a difference of 6.6%. Arcelor Mittal has a 52 week high of $37.87 and a 52 week low of $19.25.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.