Rodman & Renshaw placed their current rating of Market Outperform for General Steel GSI under review in a research report published today.
In the report, Rodman & Renshaw states, "We are putting General Steel's rating under review from our previous rating of Market Outperform based on uncertainties related to the 10-Q delay. We hope the company will resolve this issue in an expedited manner, and we shall revisit our rating once the company successfully completes its quarterly filing."
Shares of General Steel were trading at $1.75 at the time of posting, up 10.76% from Tuesday's market close.
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