SSAB AB (publ) (OTCMKTS:SSAAY) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Shares of SSAB AB (publ) (OTCMKTS:SSAAY) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.33 and traded as low as $2.08. SSAB AB (publ) shares last traded at $2.15, with a volume of 5,342 shares changing hands.

SSAB AB (publ) Price Performance

The company has a current ratio of 2.83, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The business’s 50-day simple moving average is $2.33 and its two-hundred day simple moving average is $2.47. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 5.81 and a beta of 1.42.

SSAB AB (publ) (OTCMKTS:SSAAY) last posted its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.05 earnings per share for the quarter. The company had revenue of $2.34 billion during the quarter. SSAB AB (publ) had a net margin of 7.47% and a return on equity of 11.51%. As a group, research analysts expect that SSAB AB will post 0.3 EPS for the current fiscal year.

About SSAB AB (publ)

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.