Salzgitter (OTCMKTS:SZGPY) Shares Down 6.9% - Should You Sell?

Shares of Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) were down 6.9% on Monday . The company traded as low as $2.90 and last traded at $2.98. Approximately 5,563 shares changed hands during mid-day trading, an increase of 24% from the average daily volume of 4,493 shares. The stock had previously closed at $3.20.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Oddo Bhf downgraded shares of Salzgitter to an "underperform" rating in a report on Tuesday, April 15th. DZ Bank downgraded shares of Salzgitter from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Morgan Stanley reaffirmed an "underweight" rating on shares of Salzgitter in a report on Wednesday, March 26th. Finally, Kepler Capital Markets raised shares of Salzgitter from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st.

Salzgitter Price Performance

The firm has a market cap of $1.61 billion, a PE ratio of -3.68 and a beta of 1.43. The business has a 50-day moving average price of $2.38 and a two-hundred day moving average price of $2.23.

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

Salzgitter Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, June 11th. Investors of record on Monday, May 26th were paid a $0.0117 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a dividend yield of 0.52%. Salzgitter's dividend payout ratio (DPR) is presently -1.23%.

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.

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