SSAB AB (publ) (OTCMKTS:SSAAF) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of SSAB AB (publ) (OTCMKTS:SSAAF) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.82 and traded as high as $7.99. SSAB AB (publ) shares last traded at $7.99, with a volume of 600 shares traded.

SSAB AB (publ) Trading Down 8.5%

The business has a 50-day moving average of $7.66 and a 200-day moving average of $6.82.

About SSAB AB (publ)

SSAB AB (publ) is a Stockholm-based steel company specializing in the production of high-strength, value-added steel products and solutions. With roots dating back to the formation of SSAB in 1978 through the merger of three Swedish steelworks, the company has evolved into a global supplier of advanced steels tailored for demanding applications. SSAB’s portfolio includes hot- and cold-rolled strip, coated steels, quenched and tempered (Q&T) grades, heavy plate, and wear-resistant Hardox® and structural Strenx® steels.

The company serves a broad range of industries, including automotive, construction, transportation, manufacturing, and energy.