Below are the three companies in the Steel industry with the highest earnings yields. Earnings yield is useful to compare the relative benefit of owning a stock vs. owning other yield assets such as bonds. If the earnings yield is higher, stocks may be considered undervalued.
Sutor Technology Group (NASDAQ:SUTR) is highest with an earnings yield of 23.2%. Sutor Technology Group, Ltd. produces steel finishing fabrication products. The Company's products are used in manufacturing household appliance parts and outer casings, electronics, infrastructure, and large industrial equipment. Sutor Technology Group has traded 1,000 shares thus far today, vs. average volume of 12,000 shares per day. The stock has outperformed the Dow (3.1% to the Dow's 0.6%) and outperformed the S&P 500 (3.1% to the S&P's 0.4%) during today's trading.
Following is Great Northern Iron Ore (NYSE:GNI) with an earnings yield of 21.4%.
Finishing up the top three is Cliffs Natural Resources (NYSE:CLF), with an earnings yield of 12.7%.