United States Steel Corp. (X) is trading at unusually high volume Wednesday with 26.5 million shares changing hands. It is currently at more than 3x its average daily volume and trading up $4.40, or 13%, at $24.05 as of 2:36 p.m. ET. The steel manufacturer rose after reporting its first profitable year since 2008.
On valuation measures, United States Steel Corp. has a trailing PE of 36 and a forward PE of 7.07. Price/Sales for the t-12 period is 0.17 while EPS is $0.67. The company had cash and equivalents of $1.26 billion at the end of December and total debt of $3.50 billion. The company has a market cap of $3.50 billion and is part of the basic materials sector and steel & iron industry. Shares are down 5.21% year-over-year, and 10.17% year-to-date.
United States Steel Corporation produces and sells flat-rolled and tubular steel products in North America and Europe. The company was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.
CommScope Holding Company, Inc. (COMM) jumped nearly 10% to a 52-wkh of $28.68, toward the latter part of the day’s regular session, following reports that TE Connectivity Ltd. (TEL) reached an agreement to sell its Telecom, Enterprise and Wireless businesses to CommScope for $3.0 billion. COMM’s move comes on a big volume too with the issue currently trading more than 6.5 million shares, which dwarfs the average volume of 1.3 million.
On valuation-measures, shares of CommScope Holding have a trailing-12 and forward P/E of 27.95 and 12.29, respectively. P/E to growth ratio is 1.75, while t-12 profit margin is 4.68%. EPS registers at $0.96. The company has a market cap of $5.01B and a median Wall Street price target of $27.00 with a high target of $34.00.
On trading-measure, COMM has a short float of 3.76%. In the past 52 weeks, shares of Hickory, North Carolina-based company have traded between a low of $17.08 and a high of $28.68 with its 50-day MA and 200-day MA located at $22.42 and $23.31 levels, respectively.
COMM currently prints a one year return of about 48%, and a year-to-date return of around 12.00%.
Arctic Cat Inc. (ACAT) shares are down 1.08% in midday trading on Wednesday after the snowmobile and all-terrain vehicle manufacturer cut its full-year outlook to $705 million-$715 million, down from an earlier forecast of $745 million-$755 million.
“Fiscal 2015 is a challenging year of transition where we are resetting our strategic priorities to deliver improved long-term performance,” said in a statement Arctic’s new CEO Christopher Metz. “At this time, we are lowering our fiscal 2015 full-year outlook for sales and earnings as we work through existing challenges. As we stated in the 2015 second quarter, one of our biggest challenges is rightsizing our core North America ATV dealer inventory levels. Bold actions are necessary to return to growth.”
ACAT is trading at unusually high volume today with over 1 million shares changing hands. It is currently at 5x its average daily volume and trading down 87c at $28.84.
Shares of Advent Software, Inc. (ADVS) are higher by 7.44% to $40.72 in late trading on Wednesday, after Bloomberg reported that SS&C Technologies Holdings was interested in acquiring the company for about $2.3 billion, or $45 a share. The move comes on heavy volume too with the issue currently trading 2.6 million shares, compared to the stock’s three month daily average of 540,497 shares.
In the past 52 weeks, shares of Advent Software have traded between a low of $25.42 and a high of $42.85.
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