Steel Dynamics, Inc.s in-depth stock price analysis indicates that the stock price has rallied 9.59% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 48.48% . Looking at the past 52 week period, the stock price is up at 99.51% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Steel Dynamics, Inc. has a positive value of 58.06 compared to overall market. Steel Dynamics, Inc. (NASDAQ:STLD) has climbed 7.97% in the past week and advanced 2.07% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 7.1% and the outperformance has advanced to 0.24% for the last 4 weeks period.
Steel Dynamics, Inc. (NASDAQ:STLD) : On Friday heightened volatility was witnessed in Steel Dynamics, Inc. (NASDAQ:STLD) which led to swings in the share price. The stock opened for trading at $36.85 and hit $37.03 on the upside , eventually ending the session at $36.57, with a gain of 0.25% or 0.09 points. The heightened volatility saw the trading volume jump to 5,956,682 shares. The 52-week high of the share price is $40.17 and the company has a market cap of $8,916 million. The 52-week low of the share price is at $16.885 .
Steel Dynamics Last issued its quarterly earnings results on Jan 24, 2017. The company reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.42. The company had revenue of $1910.60 million for the quarter, compared to analysts expectations of $1866.96 million. The companys revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Steel Dynamics was Downgraded by Credit Suisse to Neutral on Jan 12, 2017. Steel Dynamics was Upgraded by Berenberg to Buy on Dec 6, 2016. Steel Dynamics was Downgraded by Macquarie to Neutral on Nov 29, 2016. Steel Dynamics was Downgraded by Berenberg to Hold on Nov 14, 2016. Steel Dynamics was Downgraded by Rosenblatt to Neutral on Nov 14, 2016.
Company has reported several Insider transactions to the SEC, on Nov 2, 2016, Keith E Busse (director) sold 2,000 shares at 27.33 per share price.On Jul 27, 2016, Jurgen Dr Kolb (director) sold 17,900 shares at 26.85 per share price.On Aug 28, 2015, Richard P Jr Teets (Executive Vice President) purchased 6,000 shares at 18.75 per share price.
Steel Dynamics, Inc. owns and operates a flat-rolled steel mini-mill. Steel Dynamics operates in the production and sale of hot-rolled and cold-rolled steel coils. The companys customers consist of intermediate steel processors, steel service centers and end users including manufacturers of cold-rolled strip, oil and gas transmission pipe, and mechanical and structural tubing.