SSAB SVENSKT ST/ADR (OTCMKTS:SSAAY)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $1.61 and last traded at $1.62, with a volume of 100 shares changing hands. The stock had previously closed at $1.61.
Separately, Zacks Investment Research upgraded SSAB SVENSKT ST/ADR from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a report on Tuesday, April 30th.
The company has a market cap of $3.33 billion, a price-to-earnings ratio of 8.50 and a beta of 1.38.
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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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