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Zacks Investment Research lowered shares of SSAB SVENSKT ST/ADR (OTCMKTS:SSAAY) from a hold rating to a sell rating in a research note issued to investors on Wednesday.
According to Zacks, “SSAB Svenskt Stal AB engages in the provision of steel and construction solutions. The company’s operating segment consists of SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor and Ruukki Construction. SSAB Special Steels segment provides marketing and sales of SSAB’s quenched and tempered steels. SSAB EMEA segment pertains to Europe, the Middle East and Africa. SSAB Americas segment refers to North and Latin America. SSAB APAC segment consists of Asia, Australia and New Zealand. Tibnor segment is the distribution of steel and metals. Ruukki Construction is engaged in the sales and production of energy-efficient building and construction solutions. It’s also operates in the Automotive, Construction Machinery, Material Handling and Heavy Transport segment. SSAB Svenskt Stal AB is headquartered in Stockholm, Sweden. “ Get SSAB SVENSKT ST/ADR alerts:
Separately, ValuEngine downgraded shares of SSAB SVENSKT ST/ADR from a hold rating to a sell rating in a research report on Tuesday, October 2nd. Shares of OTCMKTS SSAAY opened at $1.64 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 0.78 and a debt-to-equity ratio of 0.19. SSAB SVENSKT ST/ADR has a 52 week low of $1.64 and a 52 week high of $3.10. The firm has a market capitalization of $3.38 billion, a P/E ratio of 12.62 and a beta of 2.03.
SSAB SVENSKT ST/ADR (OTCMKTS:SSAAY) last issued its earnings results on Friday, October 26th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). SSAB SVENSKT ST/ADR had a return on equity of 5.61% and a net margin of 4.33%. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.06 billion. On average, analysts anticipate that SSAB SVENSKT ST/ADR will post 0.2 earnings per share for the current fiscal year.
SSAB SVENSKT ST/ADR Company Profile
SSAB AB (publ) produces and sells steel products in Sweden. It operates in five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The company offers wear steels for payload and service life; structural steel; prehardened tool steel; and protection plates, as well as quenched and tempered steels, and hot-rolled advanced high-strength steel products.
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