SSAB AB (publ) (OTCMKTS:SSAAY) Declares $0.08 Dividend

SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) announced a dividend on Tuesday, April 29th, investing.com reports. Investors of record on Monday, May 5th will be given a dividend of 0.0768 per share by the basic materials company on Thursday, May 22nd. This represents a yield of 2.46%. The ex-dividend date of this dividend is Friday, May 2nd.

SSAB AB (publ) Stock Up 2.8 %

SSAAY opened at $3.13 on Tuesday. The business has a 50 day moving average price of $3.12 and a 200 day moving average price of $2.59. SSAB AB has a twelve month low of $1.89 and a twelve month high of $3.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.54 and a current ratio of 2.71. The firm has a market cap of $6.23 billion, a P/E ratio of 10.42 and a beta of 1.18.

SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The basic materials company reported $0.05 EPS for the quarter. SSAB AB (publ) had a return on equity of 9.35% and a net margin of 6.33%. Research analysts forecast that SSAB AB will post 0.24 EPS for the current year.

Analyst Upgrades and Downgrades

SSAAY has been the subject of a number of research analyst reports. Nordea Equity Research lowered SSAB AB (publ) to a "hold" rating in a report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of SSAB AB (publ) in a report on Monday, April 14th.

SSAB AB (publ) Company Profile

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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