Shares of Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $4.09 and last traded at $3.87, with a volume of 5247 shares traded. The stock had previously closed at $3.85.
Analyst Upgrades and Downgrades
A number of analysts have commented on SZGPY shares. DZ Bank lowered Salzgitter from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Zacks Research downgraded Salzgitter from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 21st. Finally, BNP Paribas upgraded Salzgitter to an "outperform" rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".
View Our Latest Report on Salzgitter
Salzgitter Stock Up 0.6%
The stock has a fifty day simple moving average of $2.74 and a 200 day simple moving average of $2.56. The firm has a market capitalization of $2.09 billion, a P/E ratio of -4.50 and a beta of 1.50.
Salzgitter (OTCMKTS:SZGPY - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The basic materials company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). The firm had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.33 billion. Salzgitter had a negative net margin of 4.45% and a negative return on equity of 9.40%. Research analysts anticipate that Salzgitter AG will post -0.68 earnings per share for the current fiscal year.
Salzgitter Company Profile
(
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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.
Further Reading
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