SSAB (OTCMKTS:SSAAY) Posts Quarterly Earnings Results

SSAB (OTCMKTS:SSAAY) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.11 earnings per share for the quarter, Zacks reports. SSAB had a net margin of 5.59% and a return on equity of 8.13%.

SSAB Stock Performance

SSAB stock opened at $5.14 on Wednesday. The stock’s 50 day moving average is $5.00 and its 200 day moving average is $4.52. The company has a market capitalization of $10.25 billion, a P/E ratio of 17.72 and a beta of 1.43. SSAB has a twelve month low of $2.80 and a twelve month high of $5.33. The company has a quick ratio of 1.39, a current ratio of 2.48 and a debt-to-equity ratio of 0.10.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of SSAB in a research note on Monday, June 29th. Citigroup reaffirmed a “buy” rating on shares of SSAB in a research note on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SSAB in a report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average 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.