Salzgitter (OTCMKTS:SZGPY) Shares Gap Down - Time to Sell?

Key Points

• Salzgitter AG experienced a notable share price drop, opening at $2.97 after closing at $3.23, with a traded volume of 528 shares.
• Recent ratings from analysts show a mix: one Strong Buy, one Buy, two Holds, and two Sells, leading to a consensus "Hold" rating.
• The company reported a loss of ($0.12) earnings per share for the last quarter, missing estimates and indicating challenges with a negative return on equity of 9.40%.

Salzgitter AG (OTCMKTS:SZGPY - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $3.23, but opened at $2.97. Salzgitter shares last traded at $2.97, with a volume of 528 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. BNP Paribas raised Salzgitter to an "outperform" rating in a research report on Friday, October 3rd. Zacks Research upgraded Salzgitter from a "strong sell" rating to a "hold" rating in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

Salzgitter Price Performance

The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -3.45 and a beta of 1.50. The business has a 50 day simple moving average of $2.88 and a 200 day simple moving average of $2.62.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last announced its earnings results on Monday, August 11th. The basic materials company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.16). The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.33 billion. Salzgitter had a negative return on equity of 9.40% and a negative net margin of 4.45%. On average, equities research analysts predict that Salzgitter AG will post -0.68 EPS for the current year.

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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