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 company are short sold. Based on an average trading volume of 4,000 shares, the days-to-cover ratio is currently 0.9 days.
SSAB AB (publ) Stock Performance
Shares of OTCMKTS SSAAY traded up $0.04 during trading on Thursday, hitting $3.11. The company had a trading volume of 601 shares, compared to its average volume of 3,158. SSAB AB has a 12 month low of $1.89 and a 12 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 capitalization of $6.19 billion, a P/E ratio of 10.35 and a beta of 1.34. The stock has a 50 day simple moving average of $3.03 and a 200 day simple moving average of $2.74.
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 earnings per share for the quarter. The business had revenue of $2.39 billion for the quarter. SSAB AB (publ) had a net margin of 6.33% and a return on equity of 9.35%. As a group, analysts anticipate that SSAB AB will post 0.24 earnings per share for the current year.
SSAB AB (publ) Cuts Dividend
The company also recently announced a dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 5th were paid a dividend of $0.0768 per share. This represents a dividend yield of 2.46%. The ex-dividend date was Friday, May 2nd. SSAB AB (publ)'s dividend payout ratio (DPR) is 39.13%.
Wall Street Analyst Weigh In
SSAAY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of SSAB AB (publ) in a report on Monday, April 14th. Nordea Equity Research lowered SSAB AB (publ) to a "hold" rating in a research note on Wednesday, April 23rd.
Read Our Latest Research Report on SSAB AB (publ)
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.
See Also
Before you consider SSAB AB (publ), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SSAB AB (publ) wasn't on the list.
While SSAB AB (publ) currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
