SSAB (OTCMKTS:SSAAY – Get Free Report) posted its earnings results on Wednesday. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01), Zacks reports. SSAB had a return on equity of 7.31% and a net margin of 5.10%.The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.76 billion.
SSAB Stock Performance
SSAB stock opened at $4.34 on Friday. SSAB has a 12 month low of $2.14 and a 12 month high of $4.60. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of 17.36 and a beta of 1.31. The business’s fifty day simple moving average is $3.85 and its two-hundred day simple moving average is $3.36. The company has a current ratio of 2.38, a quick ratio of 1.30 and a debt-to-equity ratio of 0.06.
Wall Street Analysts Forecast Growth
SSAAY has been the topic of several research reports. Citigroup reissued a “buy” rating on shares of SSAB in a research note on Thursday, January 22nd. Danske upgraded SSAB from a “hold” rating to a “buy” rating in a report on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SSAB in a report on Thursday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
SSAB Company Profile
SSAB (OTCMKTS:SSAAY) is a Swedish steel producer specializing in high-strength and wear-resistant steels. The company develops and manufactures steel products for customers in industries such as construction, automotive, mining and heavy transport. SSAB’s key brands include Hardox® for abrasion-resistant steel, Strenx® for high-strength steel in structural applications and Docol® for advanced automotive steel solutions.
Founded in 1978 through the merger of Sweden’s state-owned steelworks, SSAB was privatized in the mid-1980s and listed on the Nasdaq Stockholm exchange.
Further Reading
- Five stocks we like better than SSAB
- America’s #1 Chaos Trader: “I’m so #&!$ bullish”
- Trump’s NEW Executive Order – BIG Changes Coming to Retirement Accounts
- Buy this Gold Stock Before May 2026
- Refund From 1933: Trump’s Reset May Create Instant Wealth
- The Crash Has Already Started (Most Just Don’t See It Yet)
Receive News & Ratings for SSAB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSAB and related companies with MarketBeat.com's FREE daily email newsletter.
