SSAB (OTCMKTS:SSAAY) Posts Quarterly Earnings Results

by · The Cerbat Gem

SSAB (OTCMKTS:SSAAY – Get Free Report) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.11 earnings per share for the quarter, Zacks reports. SSAB had a net margin of 5.59% and a return on equity of 8.13%.

SSAB Stock Performance

SSAB stock opened at $5.14 on Wednesday. The stock’s 50 day moving average is $5.00 and its 200 day moving average is $4.52. The company has a market capitalization of $10.25 billion, a P/E ratio of 17.72 and a beta of 1.43. SSAB has a twelve month low of $2.80 and a twelve month high of $5.33. The company has a quick ratio of 1.39, a current ratio of 2.48 and a debt-to-equity ratio of 0.10.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of SSAB in a research note on Monday, June 29th. Citigroup reaffirmed a “buy” rating on shares of SSAB in a research note on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SSAB in a report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

View Our Latest Stock Analysis on SSAAY

SSAB Company Profile

(Get Free Report)

SSAB (OTCMKTS:SSAAY) is a Swedish steel producer specializing in high-strength and wear-resistant steels. The company develops and manufactures steel products for customers in industries such as construction, automotive, mining and heavy transport. SSAB’s key brands include Hardox® for abrasion-resistant steel, Strenx® for high-strength steel in structural applications and Docol® for advanced automotive steel solutions.

Founded in 1978 through the merger of Sweden’s state-owned steelworks, SSAB was privatized in the mid-1980s and listed on the Nasdaq Stockholm exchange.

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