SSAB SVENSKT ST/ADR (SSAAY) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of SSAB SVENSKT ST/ADR (OTCMKTS:SSAAY) from a buy rating to a hold rating in a research report released 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. “

Separately, ValuEngine cut SSAB SVENSKT ST/ADR from a hold rating to a sell rating in a research report on Tuesday, October 2nd.

SSAB SVENSKT ST/ADR stock opened at $2.04 on Wednesday. SSAB SVENSKT ST/ADR has a twelve month low of $1.75 and a twelve month high of $3.10. The company has a quick ratio of 0.78, a current ratio of 1.64 and a debt-to-equity ratio of 0.19. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 15.69 and a beta of 1.32.

SSAB SVENSKT ST/ADR (OTCMKTS:SSAAY) last posted its quarterly earnings data on Friday, October 26th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.06 billion. As a group, research analysts forecast that SSAB SVENSKT ST/ADR will post 0.21 EPS for the current 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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