SSAB AB (publ) (OTCMKTS:SSAAY) Reaches New 12-Month 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. The stock had previously closed at $2.15.

SSAB AB (publ) Stock Down 6.3 %

The firm has a market capitalization of $4.02 billion, a P/E ratio of 5.45 and a beta of 1.42. 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 company has a 50 day simple moving average of $2.30 and a two-hundred day simple moving average of $2.44.

SSAB AB (publ) (OTCMKTS:SSAAY) last announced its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.05 EPS 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%. On average, equities analysts predict that SSAB AB will post 0.3 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.