Investors need to see Schnitzer Steel Industries’ (SCHN) forecast
What’s up with Schnitzer Steel Industries?
Schnitzer Steel Industries (SCHN) opened at $15.40, which means the stock is down 1.48% from yesterday’s closing price of 15.56. Today, the company has a high of $15.45 and a low of $14.91. The company has a market cap of $415.43 million with a 52-week high of $27.47 and a 52-week low of $10.09.
What about the future for Schnitzer Steel Industries
The high forecast for Schnitzer Steel Industries is 14.00 while the low is 8.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Schnitzer Steel Industries has a weak forecast. A weak forecast is due to the company posting consistent losses in their earning reports. The future outlook does not seem too bright as this could potentially cause the company to file for bankruptcy.. Based on this information SCHN seems to be a risky buy.
About Schnitzer Steel Industries
Schnitzer Steel Industries, Inc. engages in recycling of ferrous and nonferrous scrap metal and manufacture of finished steel products. It operates through the Auto and Metals Recycling (AMR) and Cascade Steel and Scrap (CSS) segments. The AMR segment acquires and recycles ferrous and nonferrous scrap metal for sale to foreign and domestic metal producers, processors and brokers, and procure salvaged vehicles and sells serviceable used auto parts from these vehicles through a network of self-service auto parts stores. The CSS segment manages a steel mini-mill that produces a range of finished steel long products using ferrous recycled scrap metal and other raw materials. The company was founded by Sam Schnitzer in 1906 and is headquartered in Portland, OR.