SSAB AB (publ) (OTCMKTS:SSAAY) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of SSAB AB (publ) (OTCMKTS:SSAAY) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.38 and traded as high as $2.42. SSAB AB (publ) shares last traded at $2.42, with a volume of 232 shares traded.

SSAB AB (publ) Stock Up 1.5 %

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.68 and a quick ratio of 1.55. The firm’s 50-day moving average is $2.37 and its 200 day moving average is $2.61. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 6.53 and a beta of 1.48.

SSAB AB (publ) (OTCMKTS:SSAAY) last issued its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.05 EPS for the quarter. SSAB AB (publ) had a net margin of 7.47% and a return on equity of 11.35%. The firm had revenue of $2.34 billion during the quarter. Sell-side analysts anticipate that SSAB AB will post 0.31 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.