SSAB (OTCMKTS:SSAAY) Hits New 1-Year High - Should You Buy?

Key Points

• Shares of SSAB hit a new 52-week high of $4.6813 during mid-day trading and were trading up about 3.4% on the day.
• Analyst sentiment is tilted positive with two Buy ratings and one Hold, giving the stock a consensus "Moderate Buy" (Citigroup reissued a Buy; Deutsche Bank reissued a Hold).
• Key fundamentals: market cap about $9.33 billion, P/E of 16.14, recent quarterly EPS $0.09 on revenue of $2.77 billion, strong liquidity (current ratio 2.48) and very low debt-to-equity (0.10).

SSAB (OTCMKTS:SSAAY - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $4.6813 and last traded at $4.6813, with a volume of 440 shares traded. The stock had previously closed at $4.5280.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SSAAY shares. Citigroup reissued a "buy" rating on shares of SSAB in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of SSAB in a report on Monday, April 13th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

SSAB Trading Up 3.4%

The company has a current ratio of 2.48, a quick ratio of 1.39 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $9.33 billion, a P/E ratio of 16.14 and a beta of 1.36. The firm has a 50-day moving average of $4.27 and a two-hundred day moving average of $3.92.

SSAB (OTCMKTS:SSAAY - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.09 earnings per share for the quarter. SSAB had a return on equity of 8.13% and a net margin of 5.59%.The business had revenue of $2.77 billion during the quarter. On average, analysts anticipate that SSAB will post 0.38 EPS for the current year.

About SSAB

SSAB OTCMKTS: SSAAY is a Swedish steel producer specializing in high-strength and wear-resistant steels. The company develops and manufactures steel products for customers in industries such as construction, automotive, mining and heavy transport. SSAB's key brands include Hardox® for abrasion-resistant steel, Strenx® for high-strength steel in structural applications and Docol® for advanced automotive steel solutions.

Founded in 1978 through the merger of Sweden's state-owned steelworks, SSAB was privatized in the mid-1980s and listed on the Nasdaq Stockholm exchange.

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