EVRAZ (LON:EVR) Share Price Crosses Below 200-Day Moving Average of $604.02

Share on StockTwits

EVRAZ plc (LON:EVR) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $604.02 and traded as low as $472.90. EVRAZ shares last traded at $483.10, with a volume of 4,129,176 shares trading hands.

A number of research analysts recently commented on EVR shares. JPMorgan Chase & Co. increased their price target on EVRAZ from GBX 450 ($5.88) to GBX 515 ($6.73) and gave the company an “underweight” rating in a report on Friday, August 9th. Goldman Sachs Group cut their price objective on EVRAZ from GBX 500 ($6.53) to GBX 460 ($6.01) and set a “sell” rating on the stock in a research note on Monday, August 12th. Finally, Citigroup cut EVRAZ to a “sell” rating and cut their price objective for the company from GBX 611 ($7.98) to GBX 530 ($6.93) in a research note on Tuesday, June 18th.

The company has a 50 day simple moving average of GBX 590.90 and a 200-day simple moving average of GBX 603.89. The stock has a market cap of $7.01 billion and a price-to-earnings ratio of 4.40. The company has a quick ratio of 0.87, a current ratio of 1.67 and a debt-to-equity ratio of 196.51.

The company also recently disclosed a dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.35 per share. This represents a yield of 4.73%. The ex-dividend date of this dividend is Thursday, August 15th. EVRAZ’s payout ratio is currently 1.00%.

In other EVRAZ news, insider Alexander Frolov sold 4,165,362 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of GBX 635 ($8.30), for a total transaction of £26,450,048.70 ($34,561,673.46).

EVRAZ Company Profile (LON:EVR)

EVRAZ plc, together with its subsidiaries, produces and distributes steel and related products. It operates through four segments: Steel; Steel, North America; Coal; and Other Operations. The company's products include construction products, industrial products, railway products, vanadium products, and pipes, as well as raw materials, such as iron ore, coal, and limestone products.

Featured Story: Understanding the Price to Earnings Ratio (PE)

Receive News & Ratings for EVRAZ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EVRAZ and related companies with MarketBeat.com's FREE daily email newsletter.