SSAB (OTCMKTS:SSAAY) Trading Down 1.2% – What’s Next?

Shares of SSAB (OTCMKTS:SSAAY) fell 1.2% during trading on Monday . The stock traded as low as $3.1915 and last traded at $3.1915. 212 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 2,584 shares. The stock had previously closed at $3.23.

Analysts Set New Price Targets

Separately, Danske upgraded shares of SSAB from a “hold” rating to a “buy” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

SSAB Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.72 and a quick ratio of 1.49. The company has a 50 day simple moving average of $3.12 and a 200-day simple moving average of $3.07. The stock has a market capitalization of $6.36 billion, a P/E ratio of 12.77 and a beta of 1.26.

SSAB (OTCMKTS:SSAAY) last announced its quarterly earnings results on Wednesday, October 22nd. The basic materials company reported $0.08 EPS for the quarter. SSAB had a net margin of 5.17% and a return on equity of 7.45%. The company had revenue of $2.41 billion for the quarter. On average, equities analysts forecast that SSAB will post 0.24 EPS for the current year.

About SSAB

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.