SSAB (OTCMKTS:SSAAY) Shares Gap Up - Here's Why

Key Points

• SSAB shares gapped up before Monday trading, opening at $4.5050 versus a prior close of $4.06 and trading on very light volume (≈242 shares).
• Analysts are split—two Buy and two Hold—giving SSAB an average rating of Moderate Buy, with Citigroup reiterating a Buy and Deutsche Bank a Hold.
• SSAB recently missed quarterly estimates, reporting $0.02 EPS vs $0.03 expected and revenue of $2.35B vs $2.76B expected; the stock trades around its 50‑day/200‑day moving averages ($4.22/$3.85) and has a market cap of $8.98B.

SSAB (OTCMKTS:SSAAY - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $4.06, but opened at $4.5050. SSAB shares last traded at $4.5050, with a volume of 242 shares changing hands.

Analysts Set New Price Targets

SSAAY has been the subject of a number of research reports. Citigroup reiterated a "buy" rating on shares of SSAB in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of SSAB in a research note on Monday, April 13th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

SSAB Price Performance

The business has a fifty day moving average of $4.22 and a 200-day moving average of $3.85. 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 cap of $8.98 billion, a PE ratio of 18.02 and a beta of 1.36.

SSAB (OTCMKTS:SSAAY - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The basic materials company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). SSAB had a net margin of 5.10% and a return on equity of 7.29%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.76 billion. As a group, research analysts predict that SSAB will post 0.24 earnings per share for the current year.

SSAB Company Profile

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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