SSAB AB (publ) (OTCMKTS:SSAAY) Sets New 52-Week Low – Here’s What Happened

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

SSAB AB (publ) Stock Performance

The company has a market capitalization of $4.17 billion, a PE ratio of 5.19 and a beta of 1.41. The stock’s fifty day simple moving average is $2.22 and its 200-day simple moving average is $2.40. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 2.83.

SSAB AB (publ) (OTCMKTS:SSAAY) last posted its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.05 earnings per share for the quarter. SSAB AB (publ) had a net margin of 7.47% and a return on equity of 11.51%. The business had revenue of $2.34 billion during the quarter. As a group, equities analysts predict that SSAB AB will post 0.3 earnings per share 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.