SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report)'s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.03 and traded as low as $3.03. SSAB AB (publ) shares last traded at $3.11, with a volume of 601 shares traded.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on SSAAY. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of SSAB AB (publ) in a report on Monday, April 14th. Nordea Equity Research cut shares of SSAB AB (publ) to a "hold" rating in a research report on Wednesday, April 23rd.
Check Out Our Latest Research Report on SSAAY
SSAB AB (publ) Stock Performance
The company has a quick ratio of 1.54, a current ratio of 2.71 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average of $3.04 and a 200-day moving average of $2.75. The stock has a market cap of $6.15 billion, a PE ratio of 10.29 and a beta of 1.34.
SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The basic materials company reported $0.05 earnings per share for the quarter. The business had revenue of $2.39 billion during the quarter. SSAB AB (publ) had a return on equity of 9.35% and a net margin of 6.33%. On average, equities analysts forecast that SSAB AB will post 0.24 EPS for the current year.
SSAB AB (publ) Cuts Dividend
The business also recently announced a dividend, which was paid on Thursday, May 22nd. Stockholders of record on Monday, May 5th were paid a $0.0768 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a dividend yield of 2.46%. SSAB AB (publ)'s dividend payout ratio (DPR) is currently 39.13%.
About SSAB AB (publ)
(
Get Free Report)
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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