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SSAB (OTCMKTS:SSAAY) Stock Price Passes Below 50 Day Moving Average - Here's What Happened

SSAB logo with Basic Materials background

Key Points

  • SSAB shares have recently fallen below their 50-day moving average of $3.00, trading as low as $2.85 with a current volume of 554 shares.
  • The company reported $0.10 earnings per share (EPS) for the last quarter, with a net margin of 4.62% and projected EPS of 0.24 for the current year.
  • SSAB has a market capitalization of $5.68 billion and operates through various segments, including SSAB Special Steels and SSAB Europe, focusing on producing extensive steel products internationally.
  • MarketBeat previews the top five stocks to own by October 1st.

SSAB (OTCMKTS:SSAAY - Get Free Report) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.00 and traded as low as $2.85. SSAB shares last traded at $2.85, with a volume of 554 shares.

SSAB Trading Up 0.9%

The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of 13.14 and a beta of 1.26. The company has a fifty day moving average price of $2.99 and a 200-day moving average price of $3.06. The company has a current ratio of 2.72, a quick ratio of 1.49 and a debt-to-equity ratio of 0.09.

SSAB (OTCMKTS:SSAAY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The basic materials company reported $0.10 earnings per share for the quarter. The firm had revenue of $2.65 billion for the quarter. SSAB had a net margin of 4.62% and a return on equity of 6.66%. On average, equities research analysts predict that SSAB will post 0.24 EPS for the current year.

SSAB Company Profile

(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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