SSAB AB (publ) (OTCMKTS:SSAAY) Stock Rating Reaffirmed by Morgan Stanley

Last updated on Monday, July 26, 2021 | 2021 MarketBeat

SSAB AB (publ) (OTCMKTS:SSAAY)'s stock had its "overweight" rating reissued by investment analysts at Morgan Stanley in a research note issued to investors on Monday, The Fly reports.

A number of other analysts have also commented on the stock. Citigroup restated a "buy" rating on shares of SSAB AB (publ) in a research note on Tuesday, April 27th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of SSAB AB (publ) in a research note on Thursday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of SSAB AB (publ) in a research note on Thursday. Oddo Bhf upgraded shares of SSAB AB (publ) from a "neutral" rating to an "outperform" rating in a research report on Wednesday, June 23rd. Finally, UBS Group restated a "buy" rating on shares of SSAB AB (publ) in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. The stock has an average rating of "Buy" and a consensus price target of $3.00.

SSAAY stock traded down $0.11 during midday trading on Monday, reaching $2.65. 900 shares of the company's stock traded hands, compared to its average volume of 6,929. The firm has a market capitalization of $5.45 billion, a P/E ratio of 10.17 and a beta of 1.23. The firm has a fifty day simple moving average of $2.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.80 and a current ratio of 1.64. SSAB AB has a 52 week low of $1.44 and a 52 week high of $3.02.

SSAB AB (publ) (OTCMKTS:SSAAY) last announced its quarterly earnings results on Monday, April 26th. The basic materials company reported $0.09 EPS for the quarter, beating the Zacks' consensus estimate of $0.06 by $0.03. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.40 billion. SSAB AB (publ) had a net margin of 5.92% and a return on equity of 8.01%. On average, equities research analysts anticipate that SSAB AB will post 0.65 earnings per share for the current year.

About SSAB AB (publ)

SSAB AB engages in producing steel and construction solutions. It operates through the following five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor and Ruukki Construction. The SSAB Special Steels segment market and sell quenched and tempered steels and hot rolled. The SSAB Europe segment focuses in the strip, plate, and tubular products.

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