Danieli & C. Officine Meccaniche S.p.A. (DAN) Dips -0.4% on Dec 10

December 10, 2017 - By Adrian Mccoy

Shares of Danieli & C. Officine Meccaniche S.p.A. (BIT:DAN) last traded at 20.03, representing a move of -0.4%, or -0.08 per share, on volume of 4,368 shares. After opening the trading day at 20.09, shares of Danieli & C. Officine Meccaniche S.p.A. traded in a close range. Danieli & C. Officine Meccaniche S.p.A. currently has a total float of 37.92 million shares and on average sees 25,319 shares exchange hands each day. The stock now has a 52-week low of 17.75 and high of 23.73.

What Makes Up the Italian Economy

Italy is prominent worldwide for a lot of things, especially for its tourism industry. What most people don’t know is that Italy is also home to one of the world’s most successful economies backed by a rich history worth learning about and betting on. The history of Danieli & C. Officine Meccaniche S.p.A. is deeply connected with this market.

It is not unknown to many that the European economy is one of the fastest-growing economies worldwide— thanks to its healthy trade and commerce environment brought about by the individual and collective successes of its nations such as Italy. Without countries like Italy, it is simply impossible for Europe to boast with firm stability and strong influence all over the world.

The Stock Exchange

Formed by Eugène Beauharnais, Viceroy of Napoleonic Kingdom of Italy, in February 1808 to serve as the main stock exchange in Italy, the Borsa Italiana or Italia Borsa or Piazza Affari is one of the first stock exchanges in Europe. Based in Milan, it had been operated by the government until 1998.

Nearly a decade after the privatization of the Borsa Italiana, the London Stock Exchange Group had acquired it in 2007 in an all-stock deal. As a result, it had consolidated with the London Stock Exchange.

The pre-market trading on the Borsa Italiana opens at 8:00 a.m. and closes at 9:00 a.m. It is immediately followed by the regular trading, which opens at 9:00 a.m. and closes at 5:30 p.m. Lastly, the post-market trading opens at 6:00 p.m. and closes at 8:30 p.m. Needless to say, Italy is home to one of the world’s longest trading hours. This is in consideration of investors around the world with different time zones, providing them with convenient windows to trade on the Borsa Italiana.

With more than 340 stocks listed on the Borsa Italiana today, it has an overall market capitalization of nearly $650 billion. Stocks of Danieli & C. Officine Meccaniche S.p.A. are listed inside Borsa Italiana.

The Index

The FTSE Milano Italia Borsa (MIB) is the benchmark Italian index that tracks the top 40 stocks listed on the Borsa Italiana. It had always been known as the S&P/MIB because the S&P oversaw its operation. However, in June 2009, the FTSE had taken over it.

The FTSE MIB accounts for about 80% of the overall market capitalization on the Borsa Italiana, which is why it plays an important role in the Italian economy. Its components are classified into various sectors such as Energy, Manufacturing, Telecommunications, among others.

In March 2000, the FTSE MIB had reached its all-time high of 50,108.56 points. This is also its best intraday high ever.

With the sudden increase in borrowing rates in Europe, the FTSE MIB had reached its all-time low of 12,362.50 in July 2012.

Investors are strongly urged to bet on the growing European economy today; and the best way to do so is to invest on competitive stocks listed on European stock exchanges such as the Borsa Italiana. Investors can pick companies like Danieli & C. Officine Meccaniche S.p.A. right from the market. It goes without saying that investing in Italy will yield valuable returns in the long run.

More news for Danieli & C. Officine Meccaniche S.p.A. (BIT:DAN) were recently published by: Reuters.com, which released: “BRIEF-Danieli awarded order by Steel Dynamics Inc.” on August 17, 2017. Seekingalpha.com‘s article titled: “Danieli: Management Accused Of Tax Fraud” and published on February 26, 2015 is yet another important article.

Danieli & C. Officine Meccaniche S.p.A. designs, builds, and sells plants for the iron and steel industry worldwide. The company has market cap of 1.26 billion EUR. It creates and manufactures plants for various process areas, such as mines; pellet production plants; blast furnaces; direct reduction; scrap shredders; steelworks for the production of liquid steel; and continuous casting for blooms and billets, slabs, and thin slabs. It has a 29.5 P/E ratio. The firm also creates and manufactures plants for rolling mills for long products and seamless tubes; lines for welded tubes; hot and cold rolling mills for flat products; process lines for flat products; and plants for dimensional checking and for non-destructive quality control, as well as conditioning plants.

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