SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 16,100 shares, a growth of 215.7% from the March 15th total of 5,100 shares. Based on an average trading volume of 12,900 shares, the days-to-cover ratio is currently 1.2 days.
SSAB AB (publ) Stock Down 3.7 %
Shares of SSAAY traded down $0.12 during mid-day trading on Thursday, hitting $3.13. 1,753 shares of the company's stock were exchanged, compared to its average volume of 2,653. The company has a market cap of $6.44 billion, a PE ratio of 5.21 and a beta of 1.46. SSAB AB has a 52 week low of $2.51 and a 52 week high of $4.01. The company has a 50-day simple moving average of $3.73 and a 200 day simple moving average of $3.48. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.63 and a quick ratio of 1.45.
SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) last released its earnings results on Wednesday, January 31st. The basic materials company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. SSAB AB (publ) had a net margin of 10.91% and a return on equity of 18.72%. The business had revenue of $2.49 billion during the quarter. On average, research analysts forecast that SSAB AB will post 0.4 earnings per share for the current fiscal year.
SSAB AB (publ) Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be issued a $0.2366 dividend. The ex-dividend date is Thursday, April 25th. SSAB AB (publ)'s payout ratio is presently 50.00%.
About SSAB AB (publ)
(
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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.
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