Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $2.98, but opened at $3.33. Salzgitter shares last traded at $3.33, with a volume of 3,454 shares traded.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. Oddo Bhf cut shares of Salzgitter to an "underperform" rating in a research report on Tuesday, April 15th. DZ Bank downgraded shares of Salzgitter from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Morgan Stanley reaffirmed an "underweight" rating on shares of Salzgitter in a report on Wednesday, March 26th. Finally, Kepler Capital Markets upgraded shares of Salzgitter from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st.
Check Out Our Latest Stock Analysis on SZGPY
Salzgitter Stock Up 11.7%
The business's 50-day simple moving average is $2.39 and its 200-day simple moving average is $2.24. The stock has a market cap of $1.80 billion, a PE ratio of -4.11 and a beta of 1.43.
Salzgitter (OTCMKTS:SZGPY - Get Free Report) last issued its earnings results on Monday, May 12th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter. Salzgitter had a negative return on equity of 8.78% and a negative net margin of 4.16%. The firm had revenue of $2.45 billion during the quarter. As a group, equities research analysts anticipate 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. Stockholders of record on Monday, May 26th were issued a $0.0117 dividend. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 0.52%. Salzgitter's dividend payout ratio 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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