SSAB (OTCMKTS:SSAAY - Get Free Report) shares fell 11.3% on Thursday . The company traded as low as $3.09 and last traded at $3.09. 3,805 shares changed hands during mid-day trading, an increase of 41% from the average session volume of 2,705 shares. The stock had previously closed at $3.49.
Wall Street Analyst Weigh In
Separately, Danske downgraded SSAB from a "buy" rating to a "hold" rating in a research report on Friday, October 10th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold".
Get Our Latest Stock Report on SSAAY
SSAB Price Performance
The company has a fifty day simple moving average of $3.02 and a 200-day simple moving average of $3.04. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.72 and a quick ratio of 1.49. The company has a market cap of $6.16 billion, a P/E ratio of 14.05 and a beta of 1.25.
SSAB (OTCMKTS:SSAAY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The basic materials company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $2.65 billion during the quarter. SSAB had a return on equity of 6.66% and a net margin of 4.62%. On average, sell-side analysts predict that SSAB will post 0.24 earnings per share for the current year.
SSAB Company Profile
(
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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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