ArcelorMittal (ENXTAM:MT) Posts A Quarterly Loss, Is The Stock Still Undervalued?
ArcelorMittal (ENXTAM:MT) has just reported its third quarter results, showing higher sales of US$16,466 million and a net loss of US$391 million, compared with a profit in the same quarter a year earlier. ArcelorMittal’s latest figures land after a volatile stretch for the stock, with a 1-day share price return of 0.59% and a 7-day gain of 2.28%, set against a 30-day decline of 4.29% and a 90-day drop of 14.64%. Even with that recent weakness, momentum over a longer window has been strong...
ArcelorMittal (ENXTAM:MT) has just reported its third quarter results, showing higher sales of US$16,466 million and a net loss of US$391 million, compared with a profit in the same quarter a year earlier. ArcelorMittal’s latest figures land after a volatile stretch for the stock, with a 1-day share price return of 0.59% and a 7-day gain of 2.28%, set against a 30-day decline of 4.29% and a 90-day drop of 14.64%. Even with that recent weakness, momentum over a longer window has been strong...
What's Your Reaction?
