SSAB AB (publ) (OTCMKTS:SSAAY) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Shares of SSAB AB (publ) (OTCMKTS:SSAAY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.40 and traded as low as $2.33. SSAB AB (publ) shares last traded at $2.33, with a volume of 5,594 shares trading hands.

SSAB AB (publ) Stock Up 1.5 %

The stock has a market cap of $4.81 billion, a PE ratio of 4.24 and a beta of 1.46. The business has a 50 day moving average price of $2.40 and a 200 day moving average price of $2.69. The company has a quick ratio of 1.55, a current ratio of 2.68 and a debt-to-equity ratio of 0.09.

SSAB AB (publ) (OTCMKTS:SSAAY) last issued its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $0.11 EPS for the quarter. SSAB AB (publ) had a net margin of 9.34% and a return on equity of 14.80%. The business had revenue of $2.65 billion for the quarter. Equities research analysts expect that SSAB AB will post 0.33 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.