Ssab Svenskt (SSAAY) Cut to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Ssab Svenskt (OTCMKTS:SSAAY) from a buy rating to a hold rating in a report released on Friday morning.

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. “

Shares of Ssab Svenskt (SSAAY) opened at 2.41 on Friday. Ssab Svenskt has a 52-week low of $1.63 and a 52-week high of $3.61. The stock has a market cap of $4.96 billion and a price-to-earnings ratio of 17.34. The firm has a 50-day moving average price of $1.57 and a 200 day moving average price of $1.62.

TRADEMARK VIOLATION NOTICE: “Ssab Svenskt (SSAAY) Cut to Hold at Zacks Investment Research” was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at

Ssab Svenskt Company Profile

SSAB AB produces and sells steel products in Sweden and internationally. It operates in five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The company offers wear steels for maximum payload and service life; structural steel; prehardened tool steel; and protection plates.

Get a free copy of the Zacks research report on Ssab Svenskt (SSAAY)

For more information about research offerings from Zacks Investment Research, visit

What are top analysts saying about Ssab Svenskt? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ssab Svenskt and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit