Could AK Steel Holding Corporation (NYSE:AKS) Change Direction After Less Shorts?

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Over the last week of the month, it was -3.60%, -9.39% over the last quarter, and 1.90% for the past six months. Acrospire Investment Management LLC now owns 8,090 shares of the basic materials company's stock worth $153,000 after buying an additional 5,475 shares in the last quarter.

Among 17 analysts covering AK Steel Holding Corporation (NYSE:AKS), 5 have Buy rating, 1 Sell and 11 Hold.

The counter witnessed a trading volume of 13.13 million shares versus an average volume of 11.33 million shares during last trading session.

Princeton Alpha Mgmt Ltd Partnership holds 0.15% or 72,000 shares. Concert Wealth Management Inc. now owns 16,600 shares of the basic materials company's stock valued at $167,000 after buying an additional 1,800 shares in the last quarter. AK Steel Holding had a negative net margin of 0.13% and a negative return on equity of 47.34%.

The consensus recommendation, according to Zacks Investment research, is 2.4. TheStreet upgraded Timken Steel Corporation from a "d" rating to a "c-" rating in a report on Thursday, February 23rd. During the session shares stayed in the range from $22.74 to $21.72.

A number of hedge funds have recently added to or reduced their stakes in TMST. Technical analysis can help recognize key technical price levels in the stock. The company maintains price to book ratio of 0.00 vs.an industry average at 0.83. The stock's 50 day moving average price is $6.03 and its 200-day moving average price is $8.09. Renaissance Technologies LLC boosted its stake in United States Steel Corporation by 68.8% in the fourth quarter. Simply put, readings in the range of 80% to 100% indicate that the security is oversold while readings in the 0% to 20% range suggest it is overbought.

AK Steel Holding Corporation (NYSE:AKS) last announced its earnings results on Tuesday, April 25th. Average estimation for the current quarter has been provided by 15 analysts.

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In other United States Steel Corporation news, Director Paul Anthony Mascarenas acquired 1,500 shares of the business's stock in a transaction that occurred on Thursday, May 18th. The firm had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.49 billion.

Yet another important factor while evaluating a good buy/sell decision for AK Steel Holding Corporation (AKS) is its Earnings per Share or EPS. However a year ago for the same quarter the company has reported $-0.31 EPS.

On average, analysts expect that AK Steel Holding will report full-year earnings of $0.67 per share for the current financial year, with EPS estimates ranging from $0.44 to $0.92.

TRADEMARK VIOLATION NOTICE: This article was first posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this article on another site, it was illegally copied and republished in violation of United States & global trademark and copyright legislation. Dynamic Technology Lab Private Ltd purchased a new stake in United States Steel Corporation during the first quarter worth $209,000.

Several research firms have weighed in on AKS. Mason Street Advisors LLC now owns 9,100 shares of the basic materials company's stock valued at $172,000 after buying an additional 596 shares in the last quarter. J P Morgan Chase & Co restated an "overweight" rating on shares of United States Steel Corporation in a report on Wednesday, June 7th.

X has been the subject of a number of recent research reports.

Many analysts have provided their estimated foresights on AK Steel Holding Corporation Earnings, with 14 analysts believing the company would generate an Average Estimate of $0.13. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. The stock now has an average rating of "Hold" and a consensus target price of $19.17.

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