SSAB AB (publ) (OTCMKTS:SSAAY) Stock Crosses Below 50 Day Moving Average – What’s Next?

SSAB AB (publ) (OTCMKTS:SSAAY) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.18 and traded as low as $2.05. SSAB AB (publ) shares last traded at $2.05, with a volume of 1,083 shares traded.

SSAB AB (publ) Trading Down 2.4 %

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 2.83. The stock has a market capitalization of $4.08 billion, a P/E ratio of 5.53 and a beta of 1.41. The stock has a 50-day moving average price of $2.18 and a two-hundred day moving average price of $2.37.

SSAB AB (publ) (OTCMKTS:SSAAY) last issued its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter. SSAB AB (publ) had a net margin of 7.47% and a return on equity of 11.51%. The business had revenue of $2.34 billion for the quarter. On average, research analysts forecast 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.