Amsterdam-based AMG (AEX-Index: AMG.AS) is currently experiencing significant market fluctuations. On Thursday, shares dropped an alarming 13.36% at 11:07 EST to reach EUR40.78. This noticeably poor performance happened amid otherwise buoyant trading sessions where the AEX-Index gained 1.58% and reached EUR787.73.
Previous Market Trend
Continuing its previous downward trend, AMG’s closing price dropped 5.84% since last session to EUR47.07 – 5.884% below its 52-week high of EUR49.99.
About AMG Critical Materials N.V.
AMG Critical Materials N.V. is an international multi-national corporation engaged in the production and sale of engineered specialty metals and mineral products. It caters to a variety of markets, including but not limited to, transportation, infrastructure, energy production and supply, and specialty metals and chemicals. The company operates globally through three segments with primary operations in countries such as the US, China, Germany, and Brazil among others.
Financial Performance
AMG achieved an earnings per share (EPS) of EUR6.27 in its trailing twelve month earnings period, thus yielding considerable profits. However, recent market fluctuations have significantly reduced share value. The company’s price-to-earnings ratio stands at 6.5, indicating that investors have low expectations or believe in a decelerating growth potential of AMG.
Return on Equity
AMG’s return on equity, calculated by dividing net income by shareholders’ equity, stands at an impressive 46.59% over the past twelve months. This is despite it stock price slump and indicates strong management practices as well as good returns for its investors.
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