SSAB AB (publ) (OTCMKTS:SSAAY) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?

Shares of SSAB AB (publ) (OTCMKTS:SSAAY) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.40 and traded as low as $2.33. SSAB AB (publ) shares last traded at $2.33, with a volume of 5,594 shares traded.

SSAB AB (publ) Stock Up 1.5 %

The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 4.24 and a beta of 1.46. The business’s 50 day moving average is $2.40 and its 200-day moving average is $2.69. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 2.68.

SSAB AB (publ) (OTCMKTS:SSAAY) last released its earnings results on Wednesday, July 24th. The basic materials company reported $0.11 EPS for the quarter. The business had revenue of $2.65 billion during the quarter. SSAB AB (publ) had a net margin of 9.34% and a return on equity of 14.80%. On average, sell-side analysts predict that SSAB AB will post 0.33 EPS 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.