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.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on SSAAY. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of SSAB in a report on Monday, April 14th. Nordea Equity Research cut shares of SSAB to a "hold" rating in a research report on Wednesday, April 23rd.
Check Out Our Latest Stock Report on SSAB
SSAB Stock Performance
The stock's 50-day moving average is $3.07 and its 200-day moving average is $2.78. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 12.83 and a beta of 1.34. The company has a current ratio of 2.71, a quick ratio of 1.54 and a debt-to-equity ratio of 0.09.
SSAB (OTCMKTS:SSAAY - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter. SSAB had a net margin of 4.99% and a return on equity of 7.30%. The business had revenue of $2.39 billion during the quarter. On average, analysts predict that SSAB will post 0.24 EPS for the current fiscal year.
SSAB Cuts Dividend
The firm also recently declared a dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 5th were given a $0.0768 dividend. This represents a yield of 2.46%. The ex-dividend date of this dividend was Friday, May 2nd. SSAB's dividend payout ratio (DPR) 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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