(VIANEWS) – Shares of Arcelor Mittal (NYSE: MT) dropped 9.7% to $26.44 at 12:16 EST on Wednesday, after two consecutive sessions in a row of gains. NYSE is dropping 2.57% to $14,561.30, following the last session’s upward trend. This seems, up to now, an all-around down trend trading session today.
Arcelor Mittal’s last close was $29.28, 15.35% under its 52-week high of $34.59.
About Arcelor Mittal
ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in Europe, North and South America, Asia, and Africa. Its principal steel products include semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, which includes blooms and billets; finished long products, including bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. The company's principal mining products comprise iron ore lumps, fines, concentrates, pellets, and sinter feeds; and coking and thermal coal, and pulverized coal injections. It sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, as well as distributors. The company has iron ore mining activities in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, South Africa, and Ukraine; and coal mining activities in Kazakhstan. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg City, Luxembourg.
Earnings Per Share
As for profitability, Arcelor Mittal has a trailing twelve months EPS of $-0.64.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 26.08%.
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