SSAB (OTCMKTS:SSAAY) Posts Earnings Results

SSAB (OTCMKTS:SSAAY - Get Free Report) issued its earnings results on Wednesday. The basic materials company reported $0.10 EPS for the quarter, Zacks reports. The company had revenue of $2.65 billion for the quarter. SSAB had a net margin of 4.62% and a return on equity of 6.69%.

SSAB Trading Down 6.9%

Shares of SSAAY traded down $0.22 during midday trading on Friday, hitting $2.97. The stock had a trading volume of 1,050 shares, compared to its average volume of 3,348. The firm has a market cap of $5.92 billion, a PE ratio of 13.50 and a beta of 1.29. SSAB has a 1 year low of $1.89 and a 1 year high of $3.70. The stock's 50 day moving average is $3.08 and its 200 day moving average is $2.94. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.71 and a quick ratio of 1.54.

SSAB Cuts Dividend

The firm also recently declared 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 yield of 2.46%. The ex-dividend date was Friday, May 2nd. SSAB's payout ratio is 40.91%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SSAAY. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of SSAB in a report on Monday, April 14th. Nordea Equity Research cut shares of SSAB to a "hold" rating in a research report on Wednesday, April 23rd.

SSAB Company Profile

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.