SSAB AB (publ) (OTCMKTS:SSAAY) Reaches New 52-Week Low – Here’s Why

SSAB AB (publ) (OTCMKTS:SSAAY)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $1.89 and last traded at $1.94, with a volume of 8337 shares changing hands. The stock had previously closed at $2.03.

SSAB AB (publ) Trading Down 4.4 %

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’s 50 day moving average is $2.24 and its two-hundred day moving average is $2.40. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 5.24 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 for the quarter. SSAB AB (publ) had a return on equity of 11.51% and a net margin of 7.47%. The business had revenue of $2.34 billion for the quarter. Equities analysts anticipate that SSAB AB will post 0.3 EPS for the current year.

About SSAB AB (publ)

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.