SSAB (OTCMKTS:SSAAY) Shares Gap Up – Still a Buy?

Posted by Jeff Wilder on Sep 15th, 2026

SSAB (OTCMKTS:SSAAY – Get Free Report)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $5.3190, but opened at $5.54. SSAB shares last traded at $5.54, with a volume of 101 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on SSAAY. Morgan Stanley reiterated an “overweight” rating on shares of SSAB in a research report on Tuesday, July 28th. Dnb Carnegie cut shares of SSAB from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of SSAB in a research note on Friday, September 4th. Finally, Citigroup reiterated a “buy” rating on shares of SSAB in a report on Monday, July 13th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, SSAB presently has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Analysis on SSAB

SSAB Stock Performance

The business has a fifty day simple moving average of $5.32 and a two-hundred day simple moving average of $4.86. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.43 and a quick ratio of 1.37. The company has a market cap of $10.90 billion, a PE ratio of 18.23 and a beta of 1.42.

SSAB (OTCMKTS:SSAAY – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $2.94 billion for the quarter. SSAB had a return on equity of 8.18% and a net margin of 5.73%. Research analysts anticipate that SSAB will post 0.39 earnings per share for the current year.

SSAB Company Profile

(Get Free Report)

SSAB AB is a Sweden-based steel company that develops and produces high-strength, special, and conventional steel products for industrial customers worldwide. Its offerings include advanced high-strength steels, wear-resistant steels, quenched and tempered steels, structural steels, and color-coated products used in vehicles, construction equipment, infrastructure, energy, and other industrial applications.

The company operates through business areas including SSAB Special Steels, SSAB Europe, and SSAB Americas.