SSAB AB (publ) (OTCMKTS:SSAAY) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

SSAB AB (publ) (OTCMKTS:SSAAY) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.89 and traded as high as $3.27. SSAB AB (publ) shares last traded at $3.07, with a volume of 1,378 shares changing hands.

SSAB AB (publ) Stock Performance

The stock has a market capitalization of $6.12 billion, a PE ratio of 10.23 and a beta of 1.45. The business’s fifty day moving average is $2.89 and its two-hundred day moving average is $2.50. The company has a quick ratio of 1.54, a current ratio of 2.71 and a debt-to-equity ratio of 0.09.

SSAB AB (publ) (OTCMKTS:SSAAY) last posted its earnings results on Tuesday, January 28th. The basic materials company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). SSAB AB (publ) had a return on equity of 9.35% and a net margin of 6.33%. As a group, research analysts anticipate that SSAB AB will post 0.24 EPS 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.