SSAB AB (publ) (OTCMKTS:SSAAY) Sets New 52-Week Low – Here’s Why

Shares of SSAB AB (publ) (OTCMKTS:SSAAY) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $1.96 and last traded at $1.96, with a volume of 8404 shares traded. The stock had previously closed at $2.00.

SSAB AB (publ) Stock Performance

The business’s 50-day simple moving average is $2.25 and its 200 day simple moving average is $2.41. The firm has a market cap of $3.83 billion, a P/E ratio of 5.19 and a beta of 1.41. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 2.83.

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

About SSAB AB (publ)

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.