SSAB AB (publ) (OTCMKTS:SSAAY) Announces Earnings Results

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

SSAB AB (publ) Price Performance

Shares of SSAB AB (publ) stock remained flat at $2.21 during trading on Thursday. The company had a trading volume of 117 shares, compared to its average volume of 3,283. The business’s fifty day simple moving average is $2.16 and its 200-day simple moving average is $2.35. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 5.97 and a beta of 1.41. The company has a quick ratio of 1.55, a current ratio of 2.83 and a debt-to-equity ratio of 0.09. SSAB AB has a twelve month low of $1.89 and a twelve month high of $4.01.

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.