Arrium Ltd Given Neutral Rating at UBS AG (ARI)
Arrium Ltd (ASX:ARI)‘s stock had its “neutral” rating reaffirmed by investment analysts at UBS AG in a note issued to investors on Friday, Analyst Ratings.Net reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. reiterated a “neutral” rating on shares of Arrium Ltd (ASX:ARI) in a research note to investors on Thursday, August 1st.
Shares of Arrium Ltd (ASX:ARI) traded down 0.79% on Friday, hitting A$1.260. The stock had a trading volume of 3,016,819 shares. Arrium Ltd has a 52-week low of A$0.645 and a 52-week high of A$1.365. The stock has a 50-day moving average of A$1.1 and a 200-day moving average of A$0.94.
Arrium Limited, formerly OneSteel Limited, is an international mining and materials company. As of July 2, 2012, the Company’s Arrium Mining exported approximately six million tons of hematite ore to China per annum from its Middleback Ranges mining operation in South Australia.
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