SSAB AB (publ) (OTCMKTS:SSAAY) Hits New 1-Year Low – Here’s What Happened

Shares of SSAB AB (publ) (OTCMKTS:SSAAY) reached a new 52-week low during trading on Thursday . The company traded as low as $1.96 and last traded at $1.96, with a volume of 8404 shares trading hands. The stock had previously closed at $2.00.

SSAB AB (publ) Price Performance

The firm has a market cap of $3.90 billion, a P/E ratio of 5.29 and a beta of 1.41. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.83 and a quick ratio of 1.55. The company’s 50-day moving average is $2.28 and its two-hundred day moving average is $2.43.

SSAB AB (publ) (OTCMKTS:SSAAY) last issued its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.05 earnings per share for the quarter. SSAB AB (publ) had a net margin of 7.47% and a return on equity of 11.51%. The company had revenue of $2.34 billion during the quarter. Sell-side analysts anticipate that SSAB AB will post 0.3 EPS for the current fiscal year.

About SSAB AB (publ)

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.