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

Key Points

• SSAB shares saw a price increase, gapping up from $2.97 to $3.10 before market opening, with a current trading volume of 184 shares.
• Equities analysts have mixed views, with Deutsche Bank and Nordea Equity Research recently maintaining a "hold" rating on the stock.
• The company's dividend payout ratio is currently 40.91%, following a dividend declaration of $0.0768 per share paid recently.

SSAB (OTCMKTS:SSAAY - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $2.97, but opened at $3.10. SSAB shares last traded at $3.10, with a volume of 184 shares traded.

Analyst Ratings Changes

Several research firms have commented on SSAAY. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of SSAB in a research note on Monday, April 14th. Nordea Equity Research downgraded SSAB to a "hold" rating in a report on Wednesday, April 23rd.

SSAB Stock Down 2.3%

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 firm has a market cap of $5.82 billion, a price-to-earnings ratio of 13.27 and a beta of 1.29. The stock's 50 day moving average is $3.08 and its 200 day moving average is $2.97.

SSAB (OTCMKTS:SSAAY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The basic materials company reported $0.10 earnings per share for the quarter. SSAB had a return on equity of 6.76% and a net margin of 4.62%. The business had revenue of $2.65 billion during the quarter. Analysts forecast that SSAB will post 0.24 EPS 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.