SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 2,000 shares, a drop of 87.6% from the March 31st total of 16,100 shares. Based on an average daily volume of 4,200 shares, the days-to-cover ratio is presently 0.5 days.
SSAB AB (publ) Stock Performance
OTCMKTS SSAAY remained flat at $2.82 during mid-day trading on Friday. 276 shares of the company traded hands, compared to its average volume of 3,080. The firm's fifty day moving average price is $3.52 and its 200 day moving average price is $3.50. SSAB AB has a twelve month low of $2.51 and a twelve month high of $4.01. The company has a quick ratio of 1.45, a current ratio of 2.63 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 5.13 and a beta of 1.46.
SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) last issued its quarterly earnings data 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 return on equity of 17.33% and a net margin of 10.37%. The business had revenue of $2.49 billion for the quarter. As a group, research analysts forecast that SSAB AB will post 0.38 EPS for the current year.
SSAB AB (publ) Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.2366 per share. The ex-dividend date is Thursday, April 25th. SSAB AB (publ)'s dividend payout ratio (DPR) is presently 54.55%.
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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