SSAB (OTCMKTS:SSAAY) Sees Strong Trading Volume – Should You Buy?

SSAB (OTCMKTS:SSAAY) saw unusually-high trading volume on Wednesday . Approximately 11,608 shares traded hands during trading, an increase of 340% from the previous session’s volume of 2,639 shares.The stock last traded at $3.27 and had previously closed at $3.23.

Analyst Upgrades and Downgrades

Separately, Danske raised SSAB from a “hold” rating to a “buy” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, SSAB presently has an average rating of “Hold”.

SSAB Stock Performance

The company has a current ratio of 2.72, a quick ratio of 1.49 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $6.52 billion, a PE ratio of 13.08 and a beta of 1.26. The firm’s fifty day moving average price is $3.13 and its 200 day moving average price is $3.07.

SSAB (OTCMKTS:SSAAY) last released its quarterly earnings data on Wednesday, October 22nd. The basic materials company reported $0.08 earnings per share (EPS) for the quarter. SSAB had a return on equity of 7.45% and a net margin of 5.17%.The firm had revenue of $2.41 billion during the quarter. On average, research analysts anticipate that SSAB will post 0.24 earnings per share for the current year.

About SSAB

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.