Salzgitter (OTCMKTS:SZGPY) Lowered to Hold Rating by DZ Bank

Salzgitter (OTCMKTS:SZGPY - Get Free Report) was downgraded by equities researchers at DZ Bank from a "strong-buy" rating to a "hold" rating in a research report issued on Tuesday,Zacks.com reports.

Several other equities analysts have also commented on the company. Oddo Bhf lowered Salzgitter to an "underperform" rating in a report on Tuesday, April 15th. Morgan Stanley reaffirmed an "underweight" rating on shares of Salzgitter in a report on Wednesday, March 26th. Finally, Kepler Capital Markets raised Salzgitter from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st.

Salzgitter Stock Performance

SZGPY stock traded down $0.05 during mid-day trading on Tuesday, reaching $2.38. The company had a trading volume of 527 shares, compared to its average volume of 590. The firm has a fifty day simple moving average of $2.35 and a 200 day simple moving average of $2.14. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -2.94 and a beta of 1.45. Salzgitter has a fifty-two week low of $1.40 and a fifty-two week high of $3.01.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $2.45 billion during the quarter. Salzgitter had a negative net margin of 4.16% and a negative return on equity of 8.78%. As a group, analysts predict that Salzgitter will post -0.68 earnings per share for the current year.

Salzgitter Company Profile

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.