Maanshan Iron & Steel (MAANF) Expected to Announce Quarterly Earnings on Friday

Maanshan Iron & Steel (OTCMKTS:MAANF) is expected to be issuing its resultson Friday, April 24th. Analysts expect the company to announce earnings of ($0.0049) per share and revenue of $2.3689 billion for the quarter.

Maanshan Iron & Steel Price Performance

Shares of MAANF stock opened at $0.30 on Friday. Maanshan Iron & Steel has a 52-week low of $0.20 and a 52-week high of $0.36. The firm’s 50 day moving average price is $0.30 and its two-hundred day moving average price is $0.32.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut shares of Maanshan Iron & Steel from a “buy” rating to a “sell” rating in a research note on Monday, January 5th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Maanshan Iron & Steel Company Profile

Maanshan Iron & Steel Company Limited (OTCMKTS: MAANF), commonly known as Masteel, is a leading steel producer headquartered in Maanshan, Anhui Province, China. As a state-owned enterprise and a subsidiary of China Baowu Steel Group, the company focuses on integrated iron and steel operations, spanning from raw material procurement to finished steel products. Maanshan Iron & Steel serves a broad customer base across construction, automotive, machinery, and energy industries.

The company’s core business activities encompass ironmaking, steelmaking, and rolling, supported by in-house coke ovens and sinter plants.