Salzgitter AG (OTCMKTS:SZGPY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.29 and traded as high as $2.76. Salzgitter shares last traded at $2.76, with a volume of 1,160 shares traded.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. DZ Bank downgraded shares of Salzgitter from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Kepler Capital Markets raised Salzgitter from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Finally, Oddo Bhf lowered Salzgitter to an "underperform" rating in a research note on Tuesday, April 15th.
Read Our Latest Stock Report on SZGPY
Salzgitter Trading Down 6.2%
The stock has a market capitalization of $1.47 billion, a P/E ratio of -3.35 and a beta of 1.43. The business has a 50-day moving average price of $2.46 and a two-hundred day moving average price of $2.31.
Salzgitter (OTCMKTS:SZGPY - Get Free Report) last announced its earnings results on Monday, May 12th. The basic materials company reported ($0.07) EPS for the quarter. The business had revenue of $2.45 billion for the quarter. Salzgitter had a negative net margin of 4.16% and a negative return on equity of 8.78%. On average, sell-side analysts forecast that Salzgitter AG will post -0.68 earnings per share for the current fiscal year.
Salzgitter Cuts Dividend
The company also recently announced a dividend, which was paid on Wednesday, June 11th. Shareholders of record on Monday, May 26th were given a $0.0117 dividend. This represents a yield of 0.52%. The ex-dividend date was Friday, May 23rd. Salzgitter's dividend payout ratio is currently -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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