Mechel PAO (MTL) Reaches New 52-Week Low at $2.38

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Mechel PAO (NYSE:MTL) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $2.38 and last traded at $2.40, with a volume of 1008 shares. The stock had previously closed at $2.44.

The company has a debt-to-equity ratio of -0.08, a quick ratio of 0.06 and a current ratio of 0.15.

A hedge fund recently raised its stake in Mechel PAO stock. Millennium Management LLC raised its position in Mechel PAO (NYSE:MTL) by 86.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,500 shares of the basic materials company’s stock after acquiring an additional 19,286 shares during the quarter. Millennium Management LLC’s holdings in Mechel PAO were worth $218,000 as of its most recent SEC filing. 5.29% of the stock is currently owned by hedge funds and other institutional investors.

About Mechel PAO (NYSE:MTL)

Mechel PAO, together with its subsidiaries, engages in mining, steel, and power businesses in Russia, Asia, Europe, the Commonwealth of Independent States, the Middle East, the United States, and internationally. Its Mining segment produces and sells coking, metallurgical, and steam coal; coke; chemical products, including coal tar, coal benzene, and other compounds; and iron ore and iron ore concentrates, as well as offers sea, rail, and motor transportation logistics services to third parties.

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