Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.25 and traded as high as $3.33. Salzgitter shares last traded at $2.80, with a volume of 3,601 shares.
Wall Street Analyst Weigh In
A number of research firms have issued reports on SZGPY. DZ Bank downgraded Salzgitter from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Morgan Stanley restated an "underweight" rating on shares of Salzgitter in a research report on Wednesday, March 26th. Kepler Capital Markets raised Salzgitter from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. Finally, Oddo Bhf lowered Salzgitter to an "underperform" rating in a report on Tuesday, April 15th.
View Our Latest Report on SZGPY
Salzgitter Stock Performance
The company has a market capitalization of $1.37 billion, a P/E ratio of -3.14 and a beta of 1.43. The stock's fifty day moving average price is $2.42 and its 200-day moving average price is $2.27.
Salzgitter (OTCMKTS:SZGPY - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The basic materials company reported ($0.07) 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%. On average, research analysts predict that Salzgitter AG will post -0.68 EPS for the current fiscal year.
Salzgitter Cuts Dividend
The company also recently announced a dividend, which was paid on Wednesday, June 11th. Investors of record on Monday, May 26th were paid a dividend of $0.0117 per share. This represents a yield of 0.52%. The ex-dividend date was Friday, May 23rd. Salzgitter's dividend payout ratio is presently -1.23%.
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.
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