SSAB (OTCMKTS:SSAAY) Shares Gap Up - Should You Buy?

Key Points

• SSAB's share price increased by 4.0%, with the stock opening at $3.00 after previously closing at $2.89 prior to trading on Tuesday.
• The company reported $0.10 earnings per share for the last quarter, with a total revenue of $2.65 billion, and analysts expect 0.24 earnings per share for the current fiscal year.
• SSAB has a market capitalization of $5.98 billion and operates through five segments, including SSAB Special Steels and SSAB Americas, producing steel products both domestically and internationally.

SSAB (OTCMKTS:SSAAY - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $2.89, but opened at $3.00. SSAB shares last traded at $3.00, with a volume of 1,010 shares trading hands.

SSAB Stock Up 4.0%

The firm's 50 day simple moving average is $2.94 and its 200-day simple moving average is $3.04. The company has a current ratio of 2.72, a quick ratio of 1.49 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 13.64 and a beta of 1.26.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.