Angang Steel (ANGGF) to Release Earnings on Monday

Angang Steel (OTCMKTS:ANGGF) will likely be announcing its results before the market opens on Monday, March 30th. Analysts expect the company to announce earnings of ($0.0166) per share and revenue of $3.5198 billion for the quarter.

Angang Steel Price Performance

Angang Steel stock opened at $0.26 on Monday. Angang Steel has a one year low of $0.15 and a one year high of $0.33. The business has a fifty day moving average of $0.26 and a two-hundred day moving average of $0.27.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded shares of Angang Steel from a “neutral” rating to a “sell” rating in a report on Monday, January 5th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Angang Steel has a consensus rating of “Sell”.

About Angang Steel

Angang Steel Co, Ltd. (OTCMKTS:ANGGF) is the overseas-traded arm of Anshan Iron & Steel Group, one of China’s leading integrated steel producers. Headquartered in Anshan, Liaoning Province, the company’s operations span the full steel value chain, including iron ore mining, coke production, blast furnace steelmaking, rolling mills and downstream processing. Its product portfolio encompasses long and flat steel products such as hot-rolled and cold-rolled coils, structural sections, wire rods, seamless tubes and galvanized sheets, serving a broad range of industrial applications.

Founded in the mid-20th century, Angang Steel has expanded from its roots in northeastern China to become a key supplier to major sectors including construction, automotive, machinery, shipbuilding and energy.