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Baker Steel Resources (LON:BSRT) Receives "House Stock" Rating from Shore Capital

Key Points

  • Analysts at Shore Capital have restated Baker Steel Resources' stock rating as a "house stock", highlighting confidence in the company.
  • The company's stock price reached GBX 74 following a trading volume significantly above its average, indicating increased investor interest.
  • For the recent quarter, Baker Steel Resources reported an EPS of GBX (0.63) and a notably high return on equity of 134.51%, despite a negative net margin.
  • MarketBeat previews top five stocks to own in November.

Baker Steel Resources (LON:BSRT - Get Free Report)'s stock had its "house stock" rating restated by analysts at Shore Capital in a report released on Tuesday,Digital Look reports.

Baker Steel Resources Price Performance

LON:BSRT traded up GBX 2.75 during mid-day trading on Tuesday, hitting GBX 74. The company's stock had a trading volume of 565,318 shares, compared to its average volume of 115,199. The business's fifty day moving average is GBX 66.63 and its two-hundred day moving average is GBX 60.22. The stock has a market cap of £78.78 million and a price-to-earnings ratio of 316.51. Baker Steel Resources has a 1 year low of GBX 43 and a 1 year high of GBX 74.

Baker Steel Resources (LON:BSRT - Get Free Report) last announced its quarterly earnings results on Tuesday, September 30th. The company reported GBX (0.63) earnings per share (EPS) for the quarter. Baker Steel Resources had a negative net margin of 4,723.70% and a positive return on equity of 134.51%.

Baker Steel Resources Company Profile

(Get Free Report)

Baker Steel Resources Trust Ltd. is a fund of Baker Steel Capital Managers LLP.

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