NEW YORK, September 19, 2016 /PRNewswire/ --
Stock-Callers.com directs investors' attention to the global Metal Fabrication industry which is expected to reach US$21.38 billion by 2024 and grow at a CAGR of 3.0% due to heightened demand for metal fabricators. Stocks under assessment are: Allegheny Technologies Inc. (NYSE: ATI), Tenaris S.A. (NYSE: TS), Constellium N.V. (NYSE: CSTM), and Ryerson Holding Corp. (NYSE: RYI). You can access of our complimentary research reports on these stocks now at:
Pittsburgh, Pennsylvania headquartered Allegheny Technologies Inc.'s shares dropped 1.07%, closing last Friday's trading session at $15.77. The stock recorded a trading volume of 2.55 million shares. Shares of the Company have advanced 16.73% in the previous three months and 42.48% since the start of this year. The stock is trading 14.19% above its 200-day moving average. Additionally, shares of Allegheny Technologies, which produces and sells specialty materials and components worldwide, have a Relative Strength Index (RSI) of 43.38.
On August 25th, 2016, Allegheny Technologies announced several actions to improve the company's future financial performance, which include the indefinite idling of the Rowley, UT titanium sponge production facility and consolidating certain titanium manufacturing operations in Albany, Oregon.
On September 9th, 2016, research firm Seaport Global Securities initiated a 'Buy' rating on the Company's stock, issuing a target price of $21 per share. Visit us today and download your complete report on ATI for free at:
On Friday, shares in Luxembourg headquartered Tenaris S.A. recorded a trading volume of 2.99 million shares, which was above their three months average volume of 2.36 million shares. The stock fell 1.71%, ending the day at $26.38. The Company's shares have advanced 13.42% on an YTD basis. The stock is trading above its 200-day moving average by 6.09%. Furthermore, shares of Tenaris, which through its subsidiaries, manufactures and distributes steel pipe products and other related services for the oil and gas industry, and other industrial applications, have an RSI of 40.06.
On August 3rd, 2016, Tenaris reported net sales of $1.12 billion for Q2 2016, down 40% compared to Q2 2015. The company posted net loss of $9 million for Q2 2016 compared to net income of $72 million for the year earlier period. Net cash provided by operations during Q2 2016 was $380 million compared to $548 million in Q2 2015. The complimentary research report on TS can be accessed at:
Schiphol-Rijk, the Netherlands headquartered Constellium N.V.'s stock finished the day 1.68% lower at $7.01, with a total trading volume of 713,585 shares. The Company's shares have surged 26.08% in the last one month and 63.02% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 20.77% and 21.03%, respectively. Additionally, shares of Constellium, which engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets, have an RSI of 57.78.
On September 9th, 2016, research firm Seaport Global Securities initiated a 'Neutral' rating on the Company's stock, issuing a target price of $8 per share.
On September 14th, 2016, Constellium and UACJ Corp. announced the official opening of their new manufacturing plant in Bowling Green, Kentucky, to supply aluminum automotive body sheet to the North American automotive industry under their joint venture, Constellium-UACJ ABS LLC. The strategically-located 225,000 square foot facility will house an initial capacity of 100,000 metric tons. The plant is currently in qualification phase, with ramp-up planned over the next two years. Register for free on Stock-Callers.com and download the PDF research report on CSTM at:
Shares in Chicago, Illinois headquartered Ryerson Holding Corp. ended the session 0.68% higher at $10.34. The stock recorded a trading volume of 264,470 shares. The Company's shares have surged 121.41% on an YTD basis. The stock is trading 14.75% above its 200-day moving average. Moreover, shares of Ryerson Holding, which together with its subsidiaries, processes and distributes various metals in the US, Mexico, Canada, China, and Brazil, have an RSI of 32.43.
On September 15th, 2016, Ryerson Holding announced that its wholly-owned subsidiary, Joseph T. Ryerson & Son, Inc., has issued a notice to redeem 100% of the outstanding aggregate principal amount of its 11¼ % Senior Notes due 2018 on October 15th, 2016. Pursuant to the terms of the Notes, all of the outstanding principal amount of the Notes will be redeemed at a redemption price equal to 102.813% of the principal amount thereof, plus accrued and unpaid interest, to, but not including, October 15th, 2016. Get free access to your research report on RYI at:
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