SSAB AB (publ) (OTCMKTS:SSAAY) Hits New 1-Year Low – Time to Sell?

SSAB AB (publ) (OTCMKTS:SSAAY)’s share price reached a new 52-week low on Friday . The company traded as low as $2.13 and last traded at $2.27, with a volume of 969 shares. The stock had previously closed at $2.21.

SSAB AB (publ) Stock Up 2.7 %

The stock’s fifty day moving average is $2.38 and its two-hundred day moving average is $2.52. The company has a current ratio of 2.83, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The firm has a market cap of $4.52 billion, a P/E ratio of 5.97 and a beta of 1.42.

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