SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 700 shares, an increase of 600.0% from the March 31st total of 100 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily volume of 10,400 shares, the days-to-cover ratio is presently 0.1 days.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on SSAAY shares. Nordea Equity Research cut shares of SSAB AB (publ) to a "hold" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of SSAB AB (publ) in a research report on Monday, April 14th.
Read Our Latest Research Report on SSAAY
SSAB AB (publ) Stock Down 0.8 %
Shares of OTCMKTS:SSAAY traded down $0.03 during midday trading on Friday, reaching $3.04. The company had a trading volume of 203 shares, compared to its average volume of 3,682. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.71 and a quick ratio of 1.54. SSAB AB has a one year low of $1.89 and a one year high of $3.70. The stock's fifty day moving average price is $3.11 and its 200-day moving average price is $2.58. The stock has a market capitalization of $6.06 billion, a P/E ratio of 10.13 and a beta of 1.18.
SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The basic materials company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). SSAB AB (publ) had a net margin of 6.33% and a return on equity of 9.35%. Equities research analysts expect that SSAB AB will post 0.24 earnings per share for the current fiscal year.
About SSAB AB (publ)
(
Get Free Report)
SSAB AB (publ) produces and sells steel products in Sweden, Finland, Rest of Europe, the United States, and internationally. It operates through five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The SSAB Special Steels segment offers quenched and tempered steels, and advanced high-strength steel products for steel and plate production.
Further Reading
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