SSAB (OTCMKTS:SSAAY – Get Free Report) posted its quarterly earnings results on Wednesday. The basic materials company reported $0.11 EPS for the quarter, Zacks reports. SSAB had a return on equity of 8.13% and a net margin of 5.59%.
SSAB Stock Performance
OTCMKTS:SSAAY opened at $5.14 on Wednesday. The business has a fifty day simple moving average of $5.00 and a two-hundred day simple moving average of $4.52. SSAB has a 1 year low of $2.80 and a 1 year high of $5.33. The company has a market capitalization of $10.25 billion, a P/E ratio of 17.72 and a beta of 1.43. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.48 and a quick ratio of 1.39.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Citigroup reiterated a “buy” rating on shares of SSAB in a research note on Monday, July 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of SSAB in a research report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SSAB in a research note on Tuesday, July 7th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, SSAB currently has an average rating of “Moderate Buy”.
About SSAB
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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