SSAB SVENSKT ST/ADR (OTCMKTS:SSAAY) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $1.38 and last traded at $1.38, with a volume of 100 shares trading hands. The stock had previously closed at $1.38.
Separately, Zacks Investment Research downgraded SSAB SVENSKT ST/ADR from a “hold” rating to a “sell” rating in a research note on Tuesday.
The business’s 50 day moving average is $1.61. The firm has a market capitalization of $2.84 billion, a P/E ratio of 7.26 and a beta of 1.20.
SSAB AB (publ) produces and sells steel products in Sweden. It operates through 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; pre-hardened tool steel; and protection plates, as well as quenched and tempered steels, and hot-rolled advanced high-strength steel products.
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