Salzgitter AG (OTCMKTS:SZGPY - Get Free Report)'s share price fell 6.9% during trading on Monday . The company traded as low as $2.90 and last traded at $2.98. 5,563 shares were traded during trading, an increase of 24% from the average session volume of 4,493 shares. The stock had previously closed at $3.20.
Analyst Ratings Changes
A number of research firms recently commented on SZGPY. Kepler Capital Markets upgraded Salzgitter from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Oddo Bhf cut Salzgitter to an "underperform" rating in a research report on Tuesday, April 15th. Morgan Stanley reiterated an "underweight" rating on shares of Salzgitter in a research report on Wednesday, March 26th. Finally, DZ Bank cut Salzgitter from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th.
Read Our Latest Research Report on Salzgitter
Salzgitter Stock Performance
The business has a 50-day moving average of $2.41 and a 200 day moving average of $2.25. The stock has a market cap of $1.45 billion, a PE ratio of -3.32 and a beta of 1.43.
Salzgitter (OTCMKTS:SZGPY - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter. Salzgitter had a negative return on equity of 8.78% and a negative net margin of 4.16%. The business had revenue of $2.45 billion during the quarter. Equities analysts expect that Salzgitter AG will post -0.68 EPS for the current fiscal year.
Salzgitter Cuts Dividend
The firm also recently declared a dividend, which was paid on Wednesday, June 11th. Shareholders of record on Monday, May 26th were paid a $0.0117 dividend. This represents a yield of 0.52%. The ex-dividend date was Friday, May 23rd. Salzgitter's payout ratio is -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.
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