SSAB AB (publ) (OTCMKTS:SSAAY) Reaches New 12-Month Low – Here’s What Happened

SSAB AB (publ) (OTCMKTS:SSAAY)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $2.13 and last traded at $2.27, with a volume of 969 shares trading hands. The stock had previously closed at $2.21.

SSAB AB (publ) Stock Performance

The company has a current ratio of 2.83, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 6.14 and a beta of 1.42. The firm’s fifty day moving average price is $2.38 and its 200 day moving average price is $2.51.

SSAB AB (publ) (OTCMKTS:SSAAY) last released its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.05 EPS for the quarter. SSAB AB (publ) had a return on equity of 11.51% and a net margin of 7.47%. The company had revenue of $2.34 billion for the quarter. Analysts forecast that SSAB AB will post 0.3 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.