Mechel OAO Up 6.2% After Hitting 52-Week High (MTL)

Shares of Mechel OAO MTL ended the Tuesday trading session up 6.2% at $32.75 per share. The stock began to lose some of its gains during after-hours trading and was down 1.71% to $32.19 per share. On Monday morning the company announced management changes related to a malfunction in the Southern Kuzbass Power Plant's operations during New Year's holidays. The day's range for shares of Mechel OAO was between $31.22 and a 52- week high of $32.84 per share. The average price target of analysts who cover Mechel OAO (MTL) is $32.79 per share. Volume of 6.6 million shares was nearly triple the daily average volume of 2.4 million shares. Mechel OAO is one of the leading Russian companies operating in four segments: mining, steel, ferroalloys and power. Mechel's operations produce coal, iron ore concentrate, crude steel, rolled steel, ferroalloys, value-added downstream metal products as well as electric and heat power. Read more from Benzinga's Company news.