SSAB (OTCMKTS:SSAAY) Shares Gap Up – Should You Buy?

SSAB (OTCMKTS:SSAAY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $3.23, but opened at $3.49. SSAB shares last traded at $3.49, with a volume of 463 shares changing hands.

Analyst Ratings Changes

Separately, Danske upgraded SSAB from a “hold” rating to a “buy” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

SSAB Price Performance

The company has a quick ratio of 1.49, a current ratio of 2.72 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $3.15 and its 200 day moving average is $3.07. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 13.96 and a beta of 1.26.

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

SSAB 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.