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

Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) gapped down before the market opened 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.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SZGPY shares. DZ Bank cut Salzgitter from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Kepler Capital Markets upgraded Salzgitter from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. Oddo Bhf downgraded Salzgitter to an "underperform" rating in a research note on Tuesday, April 15th. Finally, Morgan Stanley restated an "underweight" rating on shares of Salzgitter in a research note on Wednesday, March 26th.

Salzgitter Stock Performance

The company has a 50 day moving average of $2.42 and a two-hundred day moving average of $2.28. The stock has a market cap of $1.37 billion, a PE ratio of -3.14 and a beta of 1.43.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The basic materials company reported ($0.07) earnings per share for the quarter. Salzgitter had a negative net margin of 4.16% and a negative return on equity of 8.78%. The business had revenue of $2.45 billion during the quarter. As a group, equities research analysts anticipate that Salzgitter AG will post -0.68 EPS for the current year.

Salzgitter Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 11th. Shareholders of record on Monday, May 26th were paid 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%.

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.