SSAB (OTCMKTS:SSAAY) Issues Quarterly Earnings Results

SSAB (OTCMKTS:SSAAY) posted its earnings results on Wednesday. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $2.94 billion during the quarter. SSAB had a return on equity of 8.52% and a net margin of 5.73%.

SSAB Price Performance

Shares of SSAAY opened at $5.14 on Friday. The stock has a market capitalization of $10.25 billion, a PE ratio of 17.13 and a beta of 1.43. SSAB has a 1 year low of $2.80 and a 1 year high of $5.33. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.39 and a current ratio of 2.48. The company’s 50-day simple moving average is $5.01 and its 200-day simple moving average is $4.54.

Analyst Ratings Changes

A number of research analysts have commented on SSAAY shares. Citigroup reaffirmed a “buy” rating on shares of SSAB in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SSAB in a research note on Tuesday, July 7th. Finally, Morgan Stanley restated an “overweight” rating on shares of SSAB in a report on Monday, June 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, SSAB currently has a consensus rating of “Moderate Buy”.

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.