SSAB SVENSKT ST/ADR (SSAAY) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of SSAB SVENSKT ST/ADR (OTCMKTS:SSAAY) from a sell rating to a hold rating in a research report released on Wednesday 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 OTCMKTS:SSAAY opened at $1.64 on Wednesday. SSAB SVENSKT ST/ADR has a 52 week low of $1.64 and a 52 week high of $3.10. The company has a current ratio of 1.64, a quick ratio of 0.78 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 8.63 and a beta of 1.04.

SSAB SVENSKT ST/ADR (OTCMKTS:SSAAY) last announced its quarterly earnings data on Tuesday, January 29th. The basic materials company reported $0.04 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.04. SSAB SVENSKT ST/ADR had a net margin of 4.76% and a return on equity of 6.06%. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.10 billion. On average, research analysts forecast that SSAB SVENSKT ST/ADR will post 0.19 earnings per share for the current year.

About SSAB SVENSKT ST/ADR

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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