SSAB (OTCMKTS:SSAAY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $3.07, but opened at $2.92. SSAB shares last traded at $2.92, with a volume of 529 shares changing hands.
Analysts Set New Price Targets
Several research firms have weighed in on SSAAY. Nordea Equity Research lowered SSAB to a "hold" rating in a research note on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of SSAB in a research report on Monday, April 14th.
Get Our Latest Report on SSAAY
SSAB Price Performance
The company's fifty day moving average price is $3.07 and its two-hundred day moving average price is $2.81. The company has a quick ratio of 1.54, a current ratio of 2.71 and a debt-to-equity ratio of 0.09. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 12.91 and a beta of 1.34.
SSAB (OTCMKTS:SSAAY - Get Free Report) last announced its earnings results on Tuesday, April 29th. The basic materials company reported $0.05 EPS for the quarter. SSAB had a net margin of 4.99% and a return on equity of 7.30%. The business had revenue of $2.39 billion during the quarter. On average, equities research analysts forecast that SSAB will post 0.24 EPS for the current fiscal year.
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 issued a dividend of $0.0768 per share. This represents a yield of 2.46%. The ex-dividend date of this dividend was Friday, May 2nd. SSAB's payout ratio is currently 39.13%.
SSAB Company Profile
(
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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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