SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.10 and traded as low as $3.07. SSAB AB (publ) shares last traded at $3.07, with a volume of 772 shares.
Analysts Set New Price Targets
Several research analysts recently weighed in on SSAAY shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of SSAB AB (publ) in a research report on Monday, April 14th. Nordea Equity Research cut shares of SSAB AB (publ) to a "hold" rating in a research note on Wednesday, April 23rd.
Read Our Latest Research Report on SSAAY
SSAB AB (publ) Price Performance
The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 10.42 and a beta of 1.18. The stock's fifty day moving average price is $3.12 and its 200-day moving average price is $2.59. The company has a current ratio of 2.71, a quick ratio of 1.54 and a debt-to-equity ratio of 0.09.
SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) last announced its earnings results on Tuesday, April 29th. The basic materials company reported $0.05 earnings per share for the quarter. SSAB AB (publ) had a net margin of 6.33% and a return on equity of 9.35%. As a group, equities research analysts forecast that SSAB AB will post 0.24 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 Thursday, May 22nd. Investors of record on Monday, May 5th will be issued a $0.0768 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a yield of 2.46%. SSAB AB (publ)'s dividend payout ratio (DPR) is presently 30.00%.
SSAB AB (publ) Company Profile
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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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