SSAB (OTCMKTS:SSAAY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $3.13, but opened at $3.27. SSAB shares last traded at $3.36, with a volume of 1,956 shares traded.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on SSAAY. Nordea Equity Research cut shares of SSAB to a "hold" rating in a report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of SSAB in a report on Monday, April 14th.
Check Out Our Latest Report on SSAB
SSAB Stock Performance
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 stock has a market capitalization of $6.36 billion, a PE ratio of 13.87 and a beta of 1.29. The firm's 50-day simple moving average is $3.08 and its two-hundred day simple moving average is $2.92.
SSAB (OTCMKTS:SSAAY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The basic materials company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $2.65 billion during the quarter. SSAB had a net margin of 4.99% and a return on equity of 7.30%. On average, equities research analysts expect that SSAB will post 0.24 earnings per share for the current fiscal year.
SSAB Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 5th were issued a $0.0768 dividend. This represents a yield of 2.46%. The ex-dividend date was Friday, May 2nd. SSAB's dividend payout ratio is presently 39.13%.
About SSAB
(
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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