Angang Steel (ANGGF) to Release Quarterly Earnings on Monday

Angang Steel (OTCMKTS:ANGGF) is anticipated to post its results before the market opens on Monday, March 30th. Analysts expect Angang Steel to post earnings of ($0.0166) per share and revenue of $3.5198 billion for the quarter.

Angang Steel Stock Performance

Shares of OTCMKTS ANGGF opened at $0.26 on Monday. Angang Steel has a 1 year low of $0.15 and a 1 year high of $0.33. The firm’s 50 day moving average price is $0.26 and its 200 day moving average price is $0.27.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered Angang Steel from a “neutral” rating to a “sell” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Angang Steel Company Profile

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.