SSAB AB (publ) (OTCMKTS:SSAAY) Shares Pass Above 50-Day Moving Average – Time to Sell?

SSAB AB (publ) (OTCMKTS:SSAAY)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.72 and traded as high as $3.70. SSAB AB (publ) shares last traded at $3.70, with a volume of 5,913 shares trading hands.

SSAB AB (publ) Price Performance

The company has a current ratio of 2.71, a quick ratio of 1.54 and a debt-to-equity ratio of 0.09. The stock has a market cap of $7.37 billion, a PE ratio of 12.33 and a beta of 1.45. The company has a fifty day moving average of $2.72 and a 200-day moving average of $2.45.

SSAB AB (publ) (OTCMKTS:SSAAY) last posted its quarterly earnings data on Tuesday, January 28th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). SSAB AB (publ) had a net margin of 6.33% and a return on equity of 9.35%. Sell-side analysts expect that SSAB AB will post 0.24 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.