SSAB AB (publ) (OTCMKTS:SSAAY) Stock Price Crosses Below 50 Day Moving Average of $3.66

Posted by ABMN Staff on Apr 19th, 2024

SSAB AB (publ) (OTCMKTS:SSAAY – Get Free Report)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.66 and traded as low as $2.90. SSAB AB (publ) shares last traded at $2.93, with a volume of 2,344 shares traded.

SSAB AB (publ) Price Performance

The firm has a market capitalization of $6.03 billion, a PE ratio of 4.84 and a beta of 1.46. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.63 and a quick ratio of 1.45. The firm has a 50-day simple moving average of $3.66 and a 200-day simple moving average of $3.49.

SSAB AB (publ) (OTCMKTS:SSAAY – Get Free Report) last announced its earnings results on Wednesday, January 31st. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $2.49 billion for the quarter. SSAB AB (publ) had a return on equity of 18.72% and a net margin of 10.91%. As a group, equities analysts forecast that SSAB AB will post 0.38 earnings per share for the current year.

SSAB AB (publ) Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, April 26th will be given a $0.2366 dividend. The ex-dividend date of this dividend is Thursday, April 25th. SSAB AB (publ)’s payout ratio is 50.00%.

SSAB AB (publ) Company Profile

(Get Free Report)

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.