Shares of SSAB (OTCMKTS:SSAAY - Get Free Report) traded down 4.9% on Tuesday . The company traded as low as $2.92 and last traded at $2.92. 200 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 2,982 shares. The stock had previously closed at $3.07.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of SSAB in a research report on Monday, April 14th. Nordea Equity Research lowered shares of SSAB to a "hold" rating in a report on Wednesday, April 23rd.
Read Our Latest Stock Analysis on SSAB
SSAB Price Performance
The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 13.41 and a beta of 1.29. The company has a current ratio of 2.71, a quick ratio of 1.54 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average of $3.07 and a 200 day moving average of $2.82.
SSAB (OTCMKTS:SSAAY - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $2.39 billion for the quarter. SSAB had a net margin of 4.99% and a return on equity of 7.30%. Equities research analysts predict that SSAB will post 0.24 EPS for the current fiscal year.
SSAB Cuts Dividend
The business also recently declared a dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 5th were paid a $0.0768 dividend. This represents a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, May 2nd. SSAB's dividend payout ratio (DPR) is currently 39.13%.
SSAB Company Profile
(
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.
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