SSAB (OTCMKTS:SSAAY) Sees Unusually-High Trading Volume – Time to Buy?
by Kim Johansen · The Markets DailySSAB (OTCMKTS:SSAAY – Get Free Report) shares saw strong trading volume on Wednesday . 61,000 shares were traded during trading, an increase of 2,223% from the previous session’s volume of 2,626 shares.The stock last traded at $3.75 and had previously closed at $3.70.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on SSAAY shares. Citigroup reiterated a “buy” rating on shares of SSAB in a research note on Friday. Danske upgraded shares of SSAB from a “hold” rating to a “buy” rating in a research note on Thursday, October 23rd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, SSAB currently has an average rating of “Moderate Buy”.
Read Our Latest Stock Analysis on SSAAY
SSAB Price Performance
The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 15.00 and a beta of 1.33. The business’s 50-day moving average price is $3.36 and its two-hundred day moving average price is $3.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 1.30.
SSAB (OTCMKTS:SSAAY – Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The basic materials company reported $0.08 EPS for the quarter. The firm had revenue of $2.41 billion for the quarter. SSAB had a net margin of 5.17% and a return on equity of 7.33%. On average, research analysts forecast that SSAB will post 0.24 EPS for the current fiscal year.
SSAB 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.
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