SSAB AB (publ) (OTCMKTS:SSAAY) Share Price Passes Below 50-Day Moving Average – Here’s Why

Shares of SSAB AB (publ) (OTCMKTS:SSAAY) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 changing hands.

SSAB AB (publ) Stock Performance

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 business has a 50-day moving average price of $2.18 and a 200 day moving average price of $2.37.

SSAB AB (publ) (OTCMKTS:SSAAY) last released its earnings results on Wednesday, October 23rd. The basic materials company reported $0.05 EPS for the quarter. SSAB AB (publ) had a return on equity of 11.51% and a net margin of 7.47%. The business had revenue of $2.34 billion for the quarter. As a group, sell-side 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.