SSAB AB (publ) (OTCMKTS:SSAAY) Stock Crosses Below 50-Day Moving Average of $3.34

Shares of SSAB AB (publ) (OTCMKTS:SSAAY) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.34 and traded as low as $2.68. SSAB AB (publ) shares last traded at $2.68, with a volume of 699 shares trading hands.

SSAB AB (publ) Stock Down 5.3 %

The stock has a market cap of $5.52 billion, a P/E ratio of 4.87 and a beta of 1.48. The company’s fifty day moving average price is $3.34 and its 200-day moving average price is $3.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.45 and a current ratio of 2.63.

SSAB AB (publ) (OTCMKTS:SSAAY) last issued its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $0.12 earnings per share for the quarter. SSAB AB (publ) had a return on equity of 17.33% and a net margin of 10.37%. The firm had revenue of $2.61 billion for the quarter. Equities analysts forecast that SSAB AB will post 0.38 EPS for the current year.

SSAB AB (publ) Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, April 26th will be given a dividend of $0.2366 per share. The ex-dividend date of this dividend is Thursday, April 25th. SSAB AB (publ)’s dividend payout ratio (DPR) is 25.45%.

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.