Zacks Investment Research Upgrades SSAB SVENSKT ST/ADR (OTCMKTS:SSAAY) to “Hold”

SSAB SVENSKT ST/ADR (OTCMKTS:SSAAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday, reports.

According to Zacks, “SSAB Svenskt Stal AB engages in the provision of steel and construction solutions. The company’s operating segment consists of SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor and Ruukki Construction. SSAB Special Steels segment provides marketing and sales of SSAB’s quenched and tempered steels. SSAB EMEA segment pertains to Europe, the Middle East and Africa. SSAB Americas segment refers to North and Latin America. SSAB APAC segment consists of Asia, Australia and New Zealand. Tibnor segment is the distribution of steel and metals. Ruukki Construction is engaged in the sales and production of energy-efficient building and construction solutions. It’s also operates in the Automotive, Construction Machinery, Material Handling and Heavy Transport segment. SSAB Svenskt Stal AB is headquartered in Stockholm, Sweden. “

SSAAY remained flat at $$1.38 during midday trading on Thursday. The firm has a market cap of $2.84 billion, a PE ratio of 7.26 and a beta of 1.20. The firm’s 50 day moving average price is $1.58. SSAB SVENSKT ST/ADR has a 52 week low of $1.38 and a 52 week high of $2.80.

SSAB SVENSKT ST/ADR (OTCMKTS:SSAAY) last issued its quarterly earnings data on Friday, July 19th. The basic materials company reported $0.05 earnings per share for the quarter. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.10 billion. SSAB SVENSKT ST/ADR had a net margin of 4.76% and a return on equity of 6.06%. As a group, research analysts expect that SSAB SVENSKT ST/ADR will post 0.13 EPS for the current year.


SSAB AB (publ) produces and sells steel products in Sweden. It operates through five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The company offers wear steels for payload and service life; structural steel; pre-hardened tool steel; and protection plates, as well as quenched and tempered steels, and hot-rolled advanced high-strength steel products.

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