SSAB AB (publ) (OTCMKTS:SSAAY) Stock Price Crosses Above Fifty Day Moving Average - Here's What Happened

SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.72 and traded as high as $3.70. SSAB AB (publ) shares last traded at $3.70, with a volume of 5,913 shares changing hands.

SSAB AB (publ) Price Performance

The company has a market cap of $6.98 billion, a P/E ratio of 11.67 and a beta of 1.45. The firm's fifty day moving average is $2.75 and its two-hundred day moving average is $2.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.54 and a current ratio of 2.71.

SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The basic materials company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). SSAB AB (publ) had a return on equity of 9.35% and a net margin of 6.33%. As a group, analysts anticipate that SSAB AB will post 0.24 earnings per share for the current fiscal year.

SSAB AB (publ) Company Profile

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.