SSAB AB (publ) (OTCMKTS:SSAAY) Hits New 1-Year Low – Should You Sell?

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

SSAB AB (publ) Price Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.83 and a quick ratio of 1.55. The stock has a 50 day simple moving average of $2.38 and a two-hundred day simple moving average of $2.51. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 6.14 and a beta of 1.42.

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 return on equity of 11.51% and a net margin of 7.47%. The business had revenue of $2.34 billion for the quarter. On average, equities research analysts predict that SSAB AB will post 0.3 earnings per share for the current fiscal year.

SSAB AB (publ) Company Profile

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.