SSAB (OTCMKTS:SSAAY - Get Free Report) shares were up 8% during mid-day trading on Wednesday . The stock traded as high as $3.24 and last traded at $3.24. Approximately 1,351 shares traded hands during trading, a decline of 50% from the average daily volume of 2,704 shares. The stock had previously closed at $3.00.
SSAB Trading Up 10.0%
The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 15.00 and a beta of 1.26. The company's 50-day moving average price is $2.93 and its 200-day moving average price is $3.04. The company has a quick ratio of 1.49, a current ratio of 2.72 and a debt-to-equity ratio of 0.09.
SSAB (OTCMKTS:SSAAY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The basic materials company reported $0.10 earnings per share for the quarter. SSAB had a net margin of 4.62% and a return on equity of 6.66%. The firm had revenue of $2.65 billion for the quarter. Equities analysts expect that SSAB will post 0.24 EPS for the current fiscal year.
About SSAB
(
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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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