SSAB (OTCMKTS:SSAAY - Get Free Report)'s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.07 and traded as low as $3.01. SSAB shares last traded at $3.01, with a volume of 158 shares traded.
Analysts Set New Price Targets
SSAAY has been the subject of a number of recent analyst reports. Nordea Equity Research downgraded SSAB to a "hold" rating in a report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of SSAB in a report on Monday, April 14th.
Check Out Our Latest Stock Analysis on SSAAY
SSAB Stock Performance
The company's 50-day simple moving average is $3.07 and its 200 day simple moving average is $2.78. 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 cap of $5.88 billion, a P/E ratio of 12.83 and a beta of 1.34.
SSAB (OTCMKTS:SSAAY - Get Free Report) last posted its earnings results on Tuesday, April 29th. The basic materials company reported $0.05 EPS for the quarter. SSAB had a net margin of 4.99% and a return on equity of 7.30%. The firm had revenue of $2.39 billion for the quarter. As a group, sell-side analysts expect that SSAB will post 0.24 EPS for the current fiscal year.
SSAB Cuts Dividend
The company also recently announced a dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 5th were given a dividend of $0.0768 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a dividend yield of 2.46%. SSAB's dividend payout ratio is currently 39.13%.
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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