SSAB AB (publ) (OTCMKTS:SSAAY) Sets New 1-Year Low – Here’s Why

SSAB AB (publ) (OTCMKTS:SSAAY) reached a new 52-week low during trading on Friday . The company traded as low as $1.97 and last traded at $2.02, with a volume of 2106 shares changing hands. The stock had previously closed at $2.15.

SSAB AB (publ) Price Performance

The company has a market cap of $4.02 billion, a PE ratio of 5.45 and a beta of 1.42. The company has a quick ratio of 1.55, a current ratio of 2.83 and a debt-to-equity ratio of 0.09. The firm has a 50 day simple moving average of $2.31 and a 200-day simple moving average of $2.45.

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