SSAB AB (publ) (OTCMKTS:SSAAY) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

SSAB AB (publ) (OTCMKTS:SSAAY)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.33 and traded as low as $2.08. SSAB AB (publ) shares last traded at $2.15, with a volume of 5,342 shares changing hands.

SSAB AB (publ) Trading Up 1.2 %

The stock has a market cap of $4.34 billion, a P/E ratio of 5.88 and a beta of 1.42. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 2.83. The firm’s fifty day simple moving average is $2.32 and its 200-day simple moving average is $2.46.

SSAB AB (publ) (OTCMKTS:SSAAY) last posted its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.05 EPS for the quarter. SSAB AB (publ) had a net margin of 7.47% and a return on equity of 11.51%. The business had revenue of $2.34 billion during the quarter. Equities research analysts expect 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.