SSAB AB (publ) (OTCMKTS:SSAAY) Hits New 1-Year Low – Here’s What Happened

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

SSAB AB (publ) Stock Performance

The company has a fifty day moving average price of $2.28 and a two-hundred day moving average price of $2.43. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.83 and a quick ratio of 1.55. The company has a market capitalization of $3.90 billion, a P/E ratio of 5.29 and a beta of 1.41.

SSAB AB (publ) (OTCMKTS:SSAAY) last announced its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $2.34 billion during the quarter. SSAB AB (publ) had a net margin of 7.47% and a return on equity of 11.51%. Equities analysts forecast 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.