SSAB (OTCMKTS:SSAAY) Sees Large Volume Increase - Should You Buy?

Key Points

• SSAB's stock saw a trading volume of 2,557 shares on Thursday, which is a 5% decline from the previous day's volume.
• The company's recent quarterly earnings reported a net margin of 4.62% with earnings per share at $0.10 and revenue of $2.65 billion.
• SSAB has a market capitalization of $6.60 billion and a debt-to-equity ratio of 0.09, indicating a strong financial position.

SSAB (OTCMKTS:SSAAY - Get Free Report) saw strong trading volume on Thursday . 2,557 shares traded hands during trading, a decline of 5% from the previous session's volume of 2,696 shares.The stock last traded at $3.27 and had previously closed at $3.30.

SSAB Price Performance

The firm has a market cap of $6.60 billion, a PE ratio of 15.05 and a beta of 1.25. The company has a quick ratio of 1.49, a current ratio of 2.72 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average price of $2.93 and a two-hundred day moving average price of $3.04.

SSAB (OTCMKTS:SSAAY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The basic materials company reported $0.10 earnings per share for the quarter. SSAB had a return on equity of 6.66% and a net margin of 4.62%.The business had revenue of $2.65 billion for the quarter. As a group, equities analysts expect that SSAB will post 0.24 earnings per share for the current year.

About SSAB

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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