Timken Steel Corporation (TMST) : During the past 4 weeks, traders have been relatively bearish on Timken Steel Corporation (TMST), hence the stock is down -13.83% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -9.17% relative to the S&P 500. The 4-week change in the price of the stock is -11.69% and the stock has fallen -8.78% in the past 1 week.
Timken Steel Corporation (NYSE:TMST): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.86 and $8.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.14, notching a gain of 3.86% for the day. The total traded volume was 516,260 . The stock had closed at $8.80 on the previous day.
The stock has recorded a 20-day Moving Average of 14.53% and the 50-Day Moving Average is 8.78%. TimkenSteel Corporation has dropped 26.88% during the last 3-month period . Year-to-Date the stock performance stands at 9.07%.
Timken Steel Corporation (TMST) stock is expected to deviate a maximum of $1.41 from the average target price of $12 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $13 and the most muted being $11.
TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel, with an annual melt capacity of approximately two million tons. The Companys portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. It operates in two segments: Industrial & Mobile and Energy & Distribution. In addition, it supplies machining and thermal treatment services and manages raw material recycling programs, which are used as a feeder system for the Companys operations. Its customers are companies in the market sectors, including oil & gas; automotive; industrial equipment; mining; construction; rail; aerospace and defense; heavy truck; agriculture, and power generation. The Companys steels are featured in a variety of end products, including oil drill pipe; hubs; axles; crankshafts and connecting rods; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts, and anti-friction bearings, among others.