SSAB AB (publ) (OTCMKTS:SSAAY) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Shares of SSAB AB (publ) (OTCMKTS:SSAAY) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.89 and traded as high as $3.27. SSAB AB (publ) shares last traded at $3.07, with a volume of 1,378 shares changing hands.

SSAB AB (publ) Trading Down 6.7 %

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.54 and a current ratio of 2.71. The business has a fifty day simple moving average of $2.89 and a 200 day simple moving average of $2.50. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 10.23 and a beta of 1.45.

SSAB AB (publ) (OTCMKTS:SSAAY) last released its earnings results on Tuesday, January 28th. The basic materials company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). SSAB AB (publ) had a net margin of 6.33% and a return on equity of 9.35%. As a group, equities analysts anticipate that SSAB AB will post 0.24 EPS for the current 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.