SSAB SVENSKT ST/ADR (SSAAY) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of SSAB SVENSKT ST/ADR (OTCMKTS:SSAAY) from a hold rating to a sell rating in a report issued on Tuesday.

Separately, Zacks Investment Research cut SSAB SVENSKT ST/ADR from a buy rating to a sell rating in a report on Thursday, June 7th.

SSAAY opened at $2.26 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.03 and a quick ratio of 1.04. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 17.38 and a beta of 1.72. SSAB SVENSKT ST/ADR has a 12 month low of $2.13 and a 12 month high of $3.10.

SSAB SVENSKT ST/ADR (OTCMKTS:SSAAY) last posted its quarterly earnings results on Friday, July 20th. The basic materials company reported $0.07 EPS for the quarter. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.18 billion. SSAB SVENSKT ST/ADR had a return on equity of 5.27% and a net margin of 4.08%. sell-side analysts forecast that SSAB SVENSKT ST/ADR will post 0.22 EPS 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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