Salzgitter (OTCMKTS:SZGPY - Get Free Report) posted its quarterly earnings results on Monday. The basic materials company reported ($0.07) EPS for the quarter, Zacks reports. Salzgitter had a negative net margin of 1.92% and a negative return on equity of 4.08%.
Salzgitter Price Performance
Shares of SZGPY stock opened at $2.44 on Monday. Salzgitter has a one year low of $1.40 and a one year high of $3.01. The company's fifty day moving average price is $2.55 and its 200-day moving average price is $2.03. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -6.27 and a beta of 1.47.
Analysts Set New Price Targets
SZGPY has been the topic of a number of research analyst reports. Oddo Bhf cut shares of Salzgitter to an "underperform" rating in a research report on Tuesday, April 15th. DZ Bank upgraded shares of Salzgitter from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Kepler Capital Markets upgraded shares of Salzgitter from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Finally, Morgan Stanley restated an "underweight" rating on shares of Salzgitter in a research report on Wednesday, March 26th.
Check Out Our Latest Stock Report on Salzgitter
About Salzgitter
(
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Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through four segments: Steel Production, Steel Processing, Trading, and Technology. The Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading.
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