Several other equities research analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SSAB AB (publ) in a research note on Tuesday, June 29th. Citigroup reissued a “buy” rating on shares of SSAB AB (publ) in a research report on Tuesday, April 27th. Morgan Stanley reissued an “overweight” rating on shares of SSAB AB (publ) in a research report on Tuesday, June 22nd. Oddo Bhf raised shares of SSAB AB (publ) from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 23rd. Finally, JPMorgan Chase & Co. raised shares of SSAB AB (publ) from a “neutral” rating to an “overweight” rating in a research report on Thursday, July 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $3.00.
Shares of OTCMKTS SSAAY traded up $0.29 during mid-day trading on Thursday, hitting $2.75. The company had a trading volume of 850 shares, compared to its average volume of 1,034. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.80 and a current ratio of 1.64. The firm’s 50-day moving average price is $2.57. SSAB AB has a 12 month low of $1.44 and a 12 month high of $3.02. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 45.83 and a beta of 1.23.
SSAB AB (publ) Company Profile
SSAB AB engages in producing steel and construction solutions. It operates through the following five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor and Ruukki Construction. The SSAB Special Steels segment market and sell quenched and tempered steels and hot rolled. The SSAB Europe segment focuses in the strip, plate, and tubular products.
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