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

SSAB AB (publ) logo with Basic Materials background

SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.33 and traded as low as $2.08. SSAB AB (publ) shares last traded at $2.15, with a volume of 5,342 shares trading hands.

SSAB AB (publ) Price Performance

The stock has a market capitalization of $4.34 billion, a PE ratio of 5.88 and a beta of 1.42. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.83 and a quick ratio of 1.55. The stock's fifty day moving average is $2.32 and its 200-day moving average is $2.47.

SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter. SSAB AB (publ) had a net margin of 7.47% and a return on equity of 11.51%. The business had revenue of $2.34 billion for the quarter. As a group, equities analysts predict that SSAB AB will post 0.3 earnings per share for the current fiscal year.

SSAB AB (publ) Company Profile

(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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