Zacks Investment Research Downgrades SSAB SVENSKT ST/ADR (SSAAY) to Sell

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

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

SSAB SVENSKT ST/ADR stock opened at $1.64 on Tuesday. SSAB SVENSKT ST/ADR has a one year low of $1.64 and a one year high of $3.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.78 and a current ratio of 1.64. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 12.62 and a beta of 1.29.

SSAB SVENSKT ST/ADR (OTCMKTS:SSAAY) last posted its quarterly earnings data on Friday, October 26th. The basic materials company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate 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 the consensus estimate of $2.06 billion. Equities research analysts expect that SSAB SVENSKT ST/ADR will post 0.2 earnings per share 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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