(VIANEWS) – Shares of Cliffs Natural Resources (NYSE: CLF) slid 9.29% to $17.58 at 12:07 EST on Wednesday, following the last session’s upward trend. NYSE is dropping 2.55% to $14,563.94, following the last session’s upward trend. This seems, up until now, an all-around bearish trend exchanging session today.
Cliffs Natural Resources’s last close was $19.38, 43.07% 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%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 5.8%, now sitting on 23.29B for the twelve trailing months.
Volume
Today’s last reported volume for Cliffs Natural Resources is 6150439 which is 44.31% below its average volume of 11045300.
Sales Growth
Cliffs Natural Resources’s sales growth is negative 2.9% for the present quarter and negative 16.3% for the next.
Yearly Top and Bottom Value
Cliffs Natural Resources’s stock is valued at $17.58 at 12:07 EST, way below its 52-week high of $34.04 and way above its 52-week low of $11.83.
More news about Cliffs Natural Resources (CLF).
