ArcelorMittal S.A. is an international steel manufacturing company with a market capitalization of 23.3 billion euros as of 3rd February 2023 and 8.05 billion shares outstanding. The current share price of 28.48 euros is up 0.635 euros or 2.2805% from the previous close 27.845 euros, while the year high stands at 31.305 euros and the year low was 19.4 euros on the same date (3 February 2023).
The 50-day moving average and 200-day moving average are 26.79 euros and 24.74 respectively, showing that the stock has been trading higher than both averages for most part of its history, indicating a bullish trend for the stock price and a positive outlook for ArcelorMittal S.A.. Moreover, earning per share (EPS) reported by the company is 12.62 Euro with a price to earning ratio (P/E Ratio) of 2.26, indicating that every euro invested in ArcelorMittal S.A.’s share will provide approximately 2,26 euro in return which is considered to be good rate of return compared to other investments available in the market at present times
