Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.33 and traded as high as $2.60. Salzgitter shares last traded at $2.60, with a volume of 347 shares traded.
Analysts Set New Price Targets
SZGPY has been the subject of several recent research reports. Oddo Bhf lowered Salzgitter to an "underperform" rating in a report on Tuesday, April 15th. DZ Bank downgraded Salzgitter from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th.
View Our Latest Analysis on Salzgitter
Salzgitter Price Performance
The stock has a market capitalization of $1.41 billion, a P/E ratio of -3.21 and a beta of 1.43. The stock's fifty day moving average is $2.49 and its 200-day moving average is $2.33.
Salzgitter (OTCMKTS:SZGPY - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The basic materials company reported ($0.07) earnings per share for the quarter. The company had revenue of $2.45 billion during the quarter. Salzgitter had a negative return on equity of 8.78% and a negative net margin of 4.16%. On average, research analysts expect that Salzgitter AG will post -0.68 EPS for the current year.
Salzgitter Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, June 11th. Stockholders of record on Monday, May 26th were paid a $0.0117 dividend. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 52.0%. Salzgitter's payout ratio is presently -1.23%.
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.
Further Reading
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