(VIANEWS) – Shares of Cliffs Natural Resources (NYSE: CLF) slid by a staggering 23.52% in 10 sessions from $22.8 to $17.44 at 15:43 EST on Friday, after two sequential sessions in a row of losses. NYSE is sliding 1.74% to $14,572.30, following the last session’s upward trend.
Cliffs Natural Resources’s last close was $17.61, 48.27% below its 52-week high of $34.04.
About Cliffs Natural Resources
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers carbon steel products, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing. In addition, the company offers tinplate products, such as electrolytic tin coated and chrome coated sheet, and tin mill products; tooling and sampling; raw materials; ingots, rolled blooms, and cast blooms; and hot-briquetted iron products. Further, it owns five iron ore mines in Minnesota and Michigan. The company serves automotive, infrastructure and manufacturing, distributors and converters, and steel producers. Cleveland-Cliffs Inc. was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. The company was founded in 1847 and is headquartered in Cleveland, Ohio.
Earnings Per Share
As for profitability, Cliffs Natural Resources has a trailing twelve months EPS of $-0.07.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 42.85%.
Cliffs Natural Resources’s sales growth is negative 2.9% for the current quarter and negative 16.3% for the next.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is a negative 117.2% and a negative 98%, respectively.
Yearly Top and Bottom Value
Cliffs Natural Resources’s stock is valued at $17.44 at 15:43 EST, way under its 52-week high of $34.04 and way higher than its 52-week low of $11.83.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Cliffs Natural Resources’s stock is considered to be overbought (>=80).
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