SSAB (OTCMKTS:SSAAY) Hits New 1-Year High – Should You Buy?

SSAB (OTCMKTS:SSAAY) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $4.6813 and last traded at $4.6813, with a volume of 440 shares traded. The stock had previously closed at $4.5280.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SSAAY shares. Citigroup reissued a “buy” rating on shares of SSAB in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SSAB in a report on Monday, April 13th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

SSAB Trading Up 3.4%

The company has a current ratio of 2.48, a quick ratio of 1.39 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $9.33 billion, a P/E ratio of 16.14 and a beta of 1.36. The firm has a 50-day moving average of $4.27 and a two-hundred day moving average of $3.92.

SSAB (OTCMKTS:SSAAY) last announced its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.09 earnings per share for the quarter. SSAB had a return on equity of 8.13% and a net margin of 5.59%.The business had revenue of $2.77 billion during the quarter. On average, analysts anticipate that SSAB will post 0.38 EPS for the current year.

About SSAB

SSAB (OTCMKTS:SSAAY) is a Swedish steel producer specializing in high-strength and wear-resistant steels. The company develops and manufactures steel products for customers in industries such as construction, automotive, mining and heavy transport. SSAB’s key brands include Hardox® for abrasion-resistant steel, Strenx® for high-strength steel in structural applications and Docol® for advanced automotive steel solutions.

Founded in 1978 through the merger of Sweden’s state-owned steelworks, SSAB was privatized in the mid-1980s and listed on the Nasdaq Stockholm exchange.