SSAB SVENSKT ST/ADR (OTCMKTS:SSAAY) Raised to “Hold” at Zacks Investment Research

SSAB SVENSKT ST/ADR (OTCMKTS:SSAAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, Zacks.com reports.

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. “

OTCMKTS:SSAAY opened at $1.38 on Friday. SSAB SVENSKT ST/ADR has a 1 year low of $1.38 and a 1 year high of $2.80. The firm has a 50 day moving average of $1.42 and a 200-day moving average of $1.67. The company has a current ratio of 1.65, a quick ratio of 0.72 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2.84 billion, a P/E ratio of 7.26 and a beta of 1.28.

SSAB SVENSKT ST/ADR (OTCMKTS:SSAAY) last posted its earnings results on Friday, July 19th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter. SSAB SVENSKT ST/ADR had a net margin of 4.93% and a return on equity of 6.35%. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.10 billion. As a group, analysts forecast that SSAB SVENSKT ST/ADR will post 0.13 EPS for the current fiscal year.

About SSAB SVENSKT ST/ADR

SSAB AB (publ) produces and sells steel products in Sweden. It operates through 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; pre-hardened tool steel; and protection plates, as well as quenched and tempered steels, and hot-rolled advanced high-strength steel products.

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