Shares of Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $2.37, but opened at $2.78. Salzgitter shares last traded at $2.78, with a volume of 2,532 shares.
Analysts Set New Price Targets
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. DZ Bank lowered Salzgitter from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Oddo Bhf downgraded Salzgitter to an "underperform" rating in a research report on Tuesday, April 15th. Finally, Morgan Stanley restated an "underweight" rating on shares of Salzgitter in a research report on Wednesday, March 26th.
View Our Latest Research Report on SZGPY
Salzgitter Price Performance
The stock has a market capitalization of $1.50 billion, a PE ratio of -3.43 and a beta of 1.43. The firm has a fifty day moving average price of $2.34 and a two-hundred day moving average price of $2.19.
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 (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, research analysts expect that Salzgitter AG will post -0.68 earnings per share for the current fiscal year.
Salzgitter Cuts Dividend
The business also recently announced a dividend, which was paid on Wednesday, June 11th. Shareholders of record on Monday, May 26th were given a dividend of $0.0117 per share. The ex-dividend date was Friday, May 23rd. This represents a yield of 0.52%. Salzgitter's dividend payout ratio (DPR) is presently -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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Salzgitter, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Salzgitter wasn't on the list.
While Salzgitter currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
