Salzgitter AG (OTCMKTS:SZGPY - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The stock traded as high as $3.64 and last traded at $3.64, with a volume of 504 shares. The stock had previously closed at $3.44.
Analyst Upgrades and Downgrades
Several research firms have recently commented on SZGPY. BNP Paribas upgraded shares of Salzgitter to an "outperform" rating in a research report on Friday. DZ Bank cut Salzgitter from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Finally, Zacks Research cut Salzgitter from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold".
View Our Latest Stock Analysis on Salzgitter
Salzgitter Stock Performance
The firm has a 50 day moving average of $2.64 and a 200-day moving average of $2.54. The stock has a market capitalization of $2.03 billion, a PE ratio of -4.36 and a beta of 1.50.
Salzgitter (OTCMKTS:SZGPY - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). The business had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.33 billion. Salzgitter had a negative return on equity of 9.40% and a negative net margin of 4.45%. On average, sell-side analysts predict that Salzgitter AG will post -0.68 earnings per share for the current year.
About Salzgitter
(
Get Free Report)
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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Salzgitter, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Salzgitter wasn't on the list.
While Salzgitter currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
