Maanshan Iron & Steel (MAANF) Projected to Post Quarterly Earnings on Wednesday

Maanshan Iron & Steel (OTCMKTS:MAANF) is projected to issue its results before the market opens on Wednesday, March 25th. Analysts expect the company to announce earnings of ($0.0119) per share and revenue of $2.8625 billion for the quarter.

Maanshan Iron & Steel Price Performance

Shares of MAANF opened at $0.30 on Wednesday. The stock’s 50-day simple moving average is $0.30 and its 200 day simple moving average is $0.32. Maanshan Iron & Steel has a 52-week low of $0.20 and a 52-week high of $0.36.

Analysts Set New Price Targets

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

About Maanshan Iron & Steel

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.