SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) crossed 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.
Wall Street Analyst Weigh In
A number of brokerages have recently 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 downgraded shares of SSAB AB (publ) to a "hold" rating in a report on Wednesday, April 23rd.
Read Our Latest Research Report on SSAAY
SSAB AB (publ) Price Performance
The stock's fifty day moving average price is $3.05 and its 200-day moving average price is $2.76. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 10.29 and a beta of 1.34. 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 posted its quarterly earnings data on Tuesday, April 29th. The basic materials company reported $0.05 earnings per share for the quarter. The firm had revenue of $2.39 billion during 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 disclosed a dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 5th were given a dividend of $0.0768 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a dividend yield of 2.46%. SSAB AB (publ)'s payout ratio 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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