SSAB (OTCMKTS:SSAAY) Releases Quarterly Earnings Results

SSAB (OTCMKTS:SSAAY) issued its earnings results on Wednesday. The basic materials company reported $0.08 earnings per share for the quarter, Zacks reports. SSAB had a return on equity of 6.66% and a net margin of 4.62%.

SSAB Stock Performance

SSAAY opened at $3.16 on Thursday. The firm has a market cap of $6.29 billion, a PE ratio of 14.34 and a beta of 1.25. The company has a quick ratio of 1.49, a current ratio of 2.72 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $3.03 and a 200-day simple moving average of $3.04. SSAB has a fifty-two week low of $1.89 and a fifty-two week high of $3.70.

Analysts Set New Price Targets

Separately, Danske lowered SSAB from a “buy” rating to a “hold” rating in a research report on Friday, October 10th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

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.