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Mechel OAO (MTL) in Focus: Stock Surges 10.1%

Zacks Equity Research

Mechel OAO (MTL) was a big mover last session, as the company saw its shares rise over 10% 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 14.78% in the past one-month time frame.

The company has seen one negative revision in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if yesterday's move higher can last.

Mechel OAO currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked steel producers include Universal Stainless & Alloy Products Inc. (USAP), Olympic Steel Inc. (ZEUS) and ThyssenKrupp AG (TYEKF). While Universal Stainless & Alloy Products sports a Zacks Rank #1 (Strong Buy), Olympic Steel and ThyssenKrupp AG hold a Zacks Rank #2 (Buy).

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MECHEL OAO (MTL): Free Stock Analysis Report

UNIVERSAL STAINLESS & ALLOY (USAP): Free Stock Analysis Report

(ZEUS): Free Stock Analysis Report

THYSSEN KRUPP AG DUS (TYEKF): Free Stock Analysis Report


Zacks Investment Research