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SSAB (OTCMKTS:SSAAY) Shares Up 8% - Still a Buy?

SSAB logo with Basic Materials background

Key Points

  • SSAB shares increased by 8% during mid-day trading, reaching a price of $3.24, despite a significant drop in trading volume.
  • The company reported a revenue of $2.65 billion for the quarter, with earnings per share of $0.10, and analysts predict earnings of $0.24 per share for the current fiscal year.
  • SSAB has a market cap of $6.58 billion and strong liquidity ratios, with a quick ratio of 1.49 and a current ratio of 2.72.
  • Interested in SSAB? Here are five stocks we like better.

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

(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.

Further Reading

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