SSAB AB (publ) (OTCMKTS:SSAAY) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

SSAB AB (publ) (OTCMKTS:SSAAY) posted its earnings results on Tuesday. The basic materials company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01), Zacks reports. SSAB AB (publ) had a return on equity of 11.51% and a net margin of 7.47%.

SSAB AB (publ) Stock Performance

SSAB AB (publ) stock remained flat at $2.21 during mid-day trading on Thursday. 117 shares of the company’s stock traded hands, compared to its average volume of 3,283. SSAB AB has a twelve month low of $1.89 and a twelve month high of $4.01. The firm has a market capitalization of $4.40 billion, a PE ratio of 5.97 and a beta of 1.41. 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 business’s 50 day moving average price is $2.16 and its two-hundred day moving average price is $2.35.

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.