SSAB (OTCMKTS:SSAAY) Trading Down 0.3% - Here's What Happened

Key Points

• SSAB's stock price decreased by 0.3% to $3.08, with trading volume dropping by 86% compared to its average.
• The company's stock rating was downgraded from "buy" to "hold" by Danske, contributing to a consensus average rating of "Hold".
• SSAB reported $0.10 EPS for the last quarter, with a net margin of 4.62% and projected earnings of $0.24 EPS for the current year.

SSAB (OTCMKTS:SSAAY - Get Free Report)'s stock price was down 0.3% during trading on Monday . The company traded as low as $3.08 and last traded at $3.08. Approximately 201 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 1,390 shares. The stock had previously closed at $3.09.

Analyst Upgrades and Downgrades

Separately, Danske cut shares of SSAB from a "buy" rating to a "hold" rating in a research note on Friday, October 10th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold".

SSAB Price Performance

The company has a fifty day moving average price of $3.03 and a two-hundred day moving average price of $3.04. The company has a current ratio of 2.72, a quick ratio of 1.49 and a debt-to-equity ratio of 0.09. The firm has a market cap of $6.14 billion, a P/E ratio of 14.00 and a beta of 1.25.

SSAB (OTCMKTS:SSAAY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The basic materials company reported $0.10 EPS for the quarter. The business had revenue of $2.65 billion for 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 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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