SSAB (OTCMKTS:SSAAY) Stock Price Down 0.7% - Time to Sell?

Key Points

• SSAB's stock fell 0.7% to $2.89, with trading volume increasing to 551 shares, compared to an average of 460 shares.
• The company reported a net margin of 4.62% and a return on equity of 6.66%, with earnings per share for the quarter at $0.10.
• SSAB has a market capitalization of $5.75 billion, a P/E ratio of 13.12, and a low debt-to-equity ratio of 0.09.

SSAB (OTCMKTS:SSAAY - Get Free Report) fell 0.7% during trading on Monday . The stock traded as low as $2.89 and last traded at $2.89. 551 shares traded hands during trading, an increase of 20% from the average session volume of 460 shares. The stock had previously closed at $2.91.

SSAB Stock Performance

The company's 50-day moving average is $2.94 and its two-hundred day moving average is $3.04. The company has a market capitalization of $5.75 billion, a P/E ratio of 13.12 and a beta of 1.26. 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 announced its earnings results on Wednesday, July 23rd. The basic materials company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $2.65 billion during the quarter. SSAB had a net margin of 4.62% and a return on equity of 6.66%. Equities analysts anticipate that SSAB will post 0.24 earnings per share for the current fiscal year.

SSAB Company Profile

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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