Stelco Holdings Inc (TSE:STLC) shares fell 0.1% during trading on Wednesday . The stock traded as low as C$12.14 and last traded at C$12.14, 99,794 shares changed hands during mid-day trading. A decline of 42% from the average session volume of 172,144 shares. The stock had previously closed at C$12.15.

A number of research firms have weighed in on STLC. BMO Capital Markets reduced their target price on Stelco from C$20.00 to C$18.00 in a report on Thursday, June 27th. National Bank Financial lowered their price objective on Stelco from C$17.00 to C$15.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 10th. Finally, Goldman Sachs Group dropped their target price on shares of Stelco from C$18.00 to C$17.00 in a report on Tuesday, June 4th.

The firm has a market cap of $1.03 billion and a P/E ratio of 3.92. The company has a debt-to-equity ratio of 32.39, a current ratio of 1.79 and a quick ratio of 0.86. The firm’s 50 day moving average is C$12.57 and its 200 day moving average is C$15.16.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Thursday, August 22nd. Stelco’s dividend payout ratio is 12.73%.

Stelco Company Profile (TSE:STLC)

Stelco Holdings Inc is Canada-based company and owner of one of the technologically advanced integrated steelmaking facilities in North America. The Company produce flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products as well as metallurgical coke. With gauge, crown, and shape control, as well as reliable uniformity of mechanical properties, The Company’s steel products are supplied to customers in the construction, automotive and energy industries across Canada and the United States, as well as to a variety of steel service centers, which are regional distributors of steel products.

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