SSAB AB (publ) (OTCMKTS:SSAAY) Stock Crosses Below 50 Day Moving Average of $3.34

Posted by Doug Madison on May 9th, 2024

Shares of SSAB AB (publ) (OTCMKTS:SSAAY – Get Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.34 and traded as low as $2.68. SSAB AB (publ) shares last traded at $2.68, with a volume of 699 shares trading hands.

SSAB AB (publ) Price Performance

The company has a current ratio of 2.63, a quick ratio of 1.45 and a debt-to-equity ratio of 0.09. The stock has a market cap of $5.52 billion, a PE ratio of 4.87 and a beta of 1.48. The company’s 50 day moving average is $3.34 and its 200-day moving average is $3.50.

SSAB AB (publ) (OTCMKTS:SSAAY – Get Free Report) last announced its earnings results on Wednesday, April 24th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter. SSAB AB (publ) had a return on equity of 17.33% and a net margin of 10.37%. The business had revenue of $2.61 billion for the quarter. As a group, sell-side analysts predict that SSAB AB will post 0.38 earnings per share for the current year.

SSAB AB (publ) Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, April 26th will be given a dividend of $0.2366 per share. The ex-dividend date is Thursday, April 25th. SSAB AB (publ)’s payout ratio is currently 25.45%.

SSAB AB (publ) Company Profile

(Get Free Report)

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.