Salzgitter AG (OTCMKTS:SZGPY - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $3.49, but opened at $3.25. Salzgitter shares last traded at $3.20, with a volume of 2,368 shares changing hands.
Wall Street Analyst Weigh In
SZGPY has been the subject of a number of analyst reports. Oddo Bhf cut shares of Salzgitter to an "underperform" rating in a report on Tuesday, April 15th. Kepler Capital Markets raised shares of Salzgitter from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. DZ Bank lowered Salzgitter from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Finally, Morgan Stanley reissued an "underweight" rating on shares of Salzgitter in a research note on Wednesday, March 26th.
Read Our Latest Stock Report on SZGPY
Salzgitter Stock Performance
The company's 50 day moving average price is $2.38 and its 200-day moving average price is $2.23. The stock has a market cap of $1.61 billion, a P/E ratio of -3.68 and a beta of 1.43.
Salzgitter (OTCMKTS:SZGPY - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter. The firm 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, analysts forecast that Salzgitter AG will post -0.68 earnings per share for the current fiscal year.
Salzgitter Cuts Dividend
The firm also recently declared a dividend, which was paid on Wednesday, June 11th. Investors of record on Monday, May 26th were issued a dividend of $0.0117 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a yield of 0.52%. Salzgitter's dividend payout ratio (DPR) is currently -1.23%.
About Salzgitter
(
Get Free Report)
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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