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

by · The Markets Daily

SSAB (OTCMKTS:SSAAY – Get Free Report) released its quarterly earnings results on Wednesday. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01), Zacks reports. SSAB had a net margin of 5.17% and a return on equity of 7.33%.

SSAB Stock Performance

OTCMKTS SSAAY remained flat at $4.34 during trading on Wednesday. 10 shares of the company’s stock traded hands, compared to its average volume of 1,155. The company has a quick ratio of 1.30, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $8.65 billion, a PE ratio of 17.36 and a beta of 1.31. SSAB has a 1-year low of $2.14 and a 1-year high of $4.60. The business’s 50-day simple moving average is $3.81 and its 200 day simple moving average is $3.34.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Citigroup reiterated a “buy” rating on shares of SSAB in a report on Thursday, January 22nd. Danske upgraded shares of SSAB from a “hold” rating to a “buy” rating in a report on Thursday, October 23rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, SSAB currently has an average rating of “Moderate Buy”.

Get Our Latest Stock Report 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.

Read More