NZ's Steel & Tube Holdings hits near 11-week high on H1 profit rise

Steel & Tube Holdings

17/02/2019 23:48

** Shares of Steel & Tube Holdings Ltd  STU.NZ  rise as much
as 2.5 pct to NZ$1.25, their highest since Dec 4, 2018 
    ** Steel and plastic fabricator reports 47 pct rise in H1
net profit after tax  urn:newsml:reuters.com:*:nFWN20A13K
    ** Co reaffirms FY19 EBIT guidance of NZ$25 mln ($17.15 mln)
    ** More than 310,000 shares change hands, compared with the
30-day average volume of more about 160,000 
    ** Two of 4 analysts covering the stock rate it "sell" or
lower, 1 "buy" and 1 "hold"; median PT NZ$1.35 – Refinitiv data
    
($1 = 1.4582 New Zealand dollars)

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