Danieli & C Officine Meccaniche S.p.A. (DAN) Declines -0.63% on Nov 15

November 15, 2017 - By Darrin Black

Shares of Danieli & C Officine Meccaniche S.p.A. (BIT:DAN) last traded at 18.78, representing a move of -0.63%, or -0.12 per share, on volume of 12,607 shares. After opening the trading day at 18.78, 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 27,567 shares exchange hands each day. The stock now has a 52-week low of 16.16 and high of 23.73.

The Italian Equity Market

The European economy is immensely growing and Italy is one of the many reasons behind such success. The companies that work at its markets as Danieli & C Officine Meccaniche S.p.A. prefer to stay there as long as possible.




Italy cannot be underestimated when it comes to corporate governance. Its capacities as a nation go beyond the tourism front. The blooming Italian equity market is a sure testament to that.

The Italian economy might just be one of the best contributors to the growth of the European economy. It is because of countries like Italy that Europe had become the enormous regional success that it is known today. It gives more possibilities to the Danieli & C Officine Meccaniche S.p.A. stocks.

Borsa Italiana/Italia Borsa/Piazza Affari

The Borsa Italiana is the primary stock exchange in Italy that is based at the Palazzo Mezzanotte in Milan. It had been established in February 1808 by Eugène de Beauharnais, Napoleonic Kingdom of Italy Viceroy— making it one of the oldest stock exchanges in the world. Like most stock exchanges, the Borsa Italiana had initially been a public entity. It had not been privatized until 1998.

In 2007, the Borsa Italiana had been acquired in an all-stock transaction by London Stock Exchange Group, leading to its merger with the London Stock Exchange.

Presently, more than 300 companies are listed on the Borsa Italiana, bringing its total market capitalization to about $645 billion.

The pre-market session on the Borsa Italiana begins at 8:00 a.m. and concludes at 9:00 a.m.; the regular session begins at 9:00 a.m. and concludes at 5:30 p.m.; and the post-market session begins at 6:00 p.m. and concludes at 8:30 p.m. The Borsa Italiana has one of the longest trading hours in the world. This gives domestic and international investors alike the opportunity to trade on it with enough time. And Danieli & C Officine Meccaniche S.p.A. to receive an attention from these investors.

FTSE Milano Italia Borsa (MIB)

The FTSE MIB is the benchmark index in Italy. It is a free-float market-capitalization-weighted index that measures the 40 biggest companies listed on the Borsa Italiana. It had replaced the MIB30, which measures the 30 biggest companies listed on the Borsa Italiana, in September 2004.

The FTSE MIB i formerly known as the S&P/MIB because the S&P operated it until June 2009 when the FTSE had taken over.

Representing roughly 80% of the total market capitalization on the Borsa Italiana, the FTSE MIB is a powerful indicator of the Italian economy’s situation. It is quarterly rebalanced to make sure that the components provide a clearer indication of the trade and commerce environment in Italy.

The FTSE MIB holds an all-time high of 50,108.56, which had last been seen in March 2000; and an all-time low of 12,362.50, which had last been seen in July 2012 after the Spanish debt dilemma rippled adversaries throughout Europe.

Italy is an ideal place to invest in, especially for those who are seeking meaningful returns. They can also check validity of Danieli & C Officine Meccaniche S.p.A.. With it serving as one the nations in Europe with compelling economies, investors are highly recommended to trade on the Borsa Italiana as a way of betting on Italy’s economic growth prospects.

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 SpA is an Italy firm primarily engaged in industrial sector. The company has market cap of 1.30 billion EUR. It designs, makes, sales and makes installation of machines and plants for the metallurgical industry. It has a 27.65 P/E ratio. The Company’s portfolio includes mines; pellet production plants; blast furnaces; direct reduction equipment; machinery for the treatment of scrap metal; steelworks for production of liquid steel; continuous casting machinery for blooms, billets and slabs; rolling mills for long products, seamless tubes and flat products; production lines for welded tubes and flat products; plants for secondary processing, such as peeling, rolling and drawing; forging presses and manipulators; extrusion presses for ferrous and non-ferrous metals; plants for longitudinal and transversal cutting; automation and control systems, and cranes and lifting equipment.

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