SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 3,700 shares, an increase of 3,600.0% from the May 15th total of 100 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 4,000 shares, the days-to-cover ratio is presently 0.9 days.
SSAB AB (publ) Price Performance
SSAAY remained flat at $3.09 during midday trading on Friday. 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 firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 10.29 and a beta of 1.34. The stock's fifty day moving average price is $3.05 and its two-hundred day moving average price is $2.76. SSAB AB has a 52-week low of $1.89 and a 52-week high of $3.70.
SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) last released its quarterly earnings data 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 for the quarter. SSAB AB (publ) had a return on equity of 9.35% and a net margin of 6.33%. As a group, research analysts expect that SSAB AB will post 0.24 earnings per share for the current year.
SSAB AB (publ) Cuts Dividend
The company also recently disclosed a dividend, which was paid on Thursday, May 22nd. Stockholders of record on Monday, May 5th were paid a $0.0768 dividend. This represents a dividend yield of 2.46%. The ex-dividend date was Friday, May 2nd. SSAB AB (publ)'s dividend payout ratio is currently 39.13%.
Analysts Set New Price Targets
A number of equities research analysts have commented on SSAAY shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of SSAB AB (publ) in a report on Monday, April 14th. Nordea Equity Research cut SSAB AB (publ) to a "hold" rating in a research report on Wednesday, April 23rd.
Read Our Latest Research Report on SSAB AB (publ)
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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