SSAB (OTCMKTS:SSAAY – Get Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $5.1650, but opened at $4.7870. SSAB shares last traded at $4.7870, with a volume of 123 shares.
Analyst Upgrades and Downgrades
SSAAY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SSAB in a report on Monday, April 13th. Morgan Stanley upgraded SSAB from an “overweight” rating to an “overweight” rating in a report on Tuesday, May 5th. Finally, Citigroup restated a “buy” rating on shares of SSAB in a research note on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.
View Our Latest Stock Analysis on SSAB
SSAB Price Performance
SSAB (OTCMKTS:SSAAY – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.09 earnings per share for the quarter. The firm had revenue of $2.77 billion for the quarter. SSAB had a return on equity of 8.13% and a net margin of 5.59%. Equities research analysts anticipate that SSAB will post 0.38 earnings per share for the current year.
SSAB Company Profile
SSAB (OTCMKTS:SSAAY) is a Swedish steel producer specializing in high-strength and wear-resistant steels. The company develops and manufactures steel products for customers in industries such as construction, automotive, mining and heavy transport. SSAB’s key brands include Hardox® for abrasion-resistant steel, Strenx® for high-strength steel in structural applications and Docol® for advanced automotive steel solutions.
Founded in 1978 through the merger of Sweden’s state-owned steelworks, SSAB was privatized in the mid-1980s and listed on the Nasdaq Stockholm exchange.
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