Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $2.69, but opened at $2.44. Salzgitter shares last traded at $2.44, with a volume of 3,399 shares changing hands.
Wall Street Analyst Weigh In
SZGPY has been the topic of a number of recent research reports. Kepler Capital Markets upgraded shares of Salzgitter from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Morgan Stanley reissued an "underweight" rating on shares of Salzgitter in a research report on Wednesday, March 26th. Oddo Bhf downgraded Salzgitter to an "underperform" rating in a report on Tuesday, April 15th. Finally, DZ Bank downgraded shares of Salzgitter from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th.
Check Out Our Latest Research Report on SZGPY
Salzgitter Trading Down 7.1%
The company has a market capitalization of $1.35 billion, a PE ratio of -3.09 and a beta of 1.43. The stock's fifty day moving average is $2.42 and its two-hundred day moving average is $2.26.
Salzgitter (OTCMKTS:SZGPY - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The basic materials company reported ($0.07) earnings per share 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%. As a group, analysts anticipate that Salzgitter AG will post -0.68 EPS for the current fiscal year.
Salzgitter Cuts Dividend
The business also recently announced a dividend, which was paid on Wednesday, June 11th. Stockholders of record on Monday, May 26th were paid a $0.0117 dividend. This represents a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, May 23rd. Salzgitter's dividend payout ratio (DPR) is presently -1.23%.
Salzgitter Company Profile
(
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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