SSAB AB (publ) (OTCMKTS:SSAAF) Stock Passes Above 200-Day Moving Average – Here’s Why

SSAB AB (publ) (OTCMKTS:SSAAF) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.19 and traded as high as $9.33. SSAB AB (publ) shares last traded at $9.33, with a volume of 969 shares traded.

SSAB AB (publ) Stock Performance

The firm has a 50-day moving average of $8.90 and a 200-day moving average of $8.19.

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.