|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||2.5000 - 2.5000|
|52-week range||1.2500 - 3.0200|
|Beta (5Y monthly)||1.27|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||02 Apr 2020|
|1y target est||N/A|
STOCKHOLM (Reuters) -Industrivarden late on Monday sold its stake in Swedish steelmaker SSAB for 2.02 billion crowns ($242.2 million). The Swedish investment firm said in a statement it sold the 4.3% of capital and 11.8% of votes at 45.53 crowns per share in an accelerated book building process addressed to institutional investors. Shares in SSAB, which is one of the top producers of heavy plate in the United States but counts Europe as its biggest market, closed at 47.88 crowns on Monday.
SSAB SVENSKT (SSAAY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
STOCKHOLM (Reuters) -SSAB posted a forecast-beating first-quarter profit on Monday, boosted by strong demand and higher prices, lifting shares in the Swedish steelmaker. SSAB, which is one of the top producers of heavy plate in the United States but counts Europe as its biggest market, said it expected steel demand in the second quarter to be "very strong", driven by both underlying demand and customer restocking. "We saw record earnings both for Special Steels and Tibnor," Chief Executive Martin Lindqvist said on a call with analysts.