SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.10 and traded as low as $3.07. SSAB AB (publ) shares last traded at $3.07, with a volume of 772 shares trading hands.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on SSAAY. Nordea Equity Research lowered SSAB AB (publ) to a "hold" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of SSAB AB (publ) in a research report on Monday, April 14th.
Check Out Our Latest Analysis on SSAB AB (publ)
SSAB AB (publ) Stock Performance
The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.54 and a current ratio of 2.71. The company has a market cap of $6.06 billion, a PE ratio of 10.13 and a beta of 1.18. The business's 50-day moving average is $3.11 and its 200 day moving average is $2.58.
SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) last released its earnings results on Tuesday, January 28th. The basic materials company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). SSAB AB (publ) had a net margin of 6.33% and a return on equity of 9.35%. On average, equities research analysts predict that SSAB AB will post 0.24 EPS for the current fiscal year.
About SSAB AB (publ)
(
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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.
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