SSAB AB (publ) (OTCMKTS:SSAAY) Shares Pass Above 50-Day Moving Average – Time to Sell?

SSAB AB (publ) (OTCMKTS:SSAAY) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.72 and traded as high as $3.70. SSAB AB (publ) shares last traded at $3.70, with a volume of 5,913 shares traded.

SSAB AB (publ) Price Performance

The stock has a 50 day simple moving average of $2.72 and a two-hundred day simple moving average of $2.45. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 12.33 and a beta of 1.45. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.71 and a quick ratio of 1.54.

SSAB AB (publ) (OTCMKTS:SSAAY) last released its quarterly earnings data on Tuesday, January 28th. The basic materials company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). SSAB AB (publ) had a return on equity of 9.35% and a net margin of 6.33%. On average, equities research analysts predict that SSAB AB will post 0.24 earnings per share for the current fiscal year.

SSAB AB (publ) Company Profile

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.