Salzgitter (OTCMKTS:SZGPY) Shares Gap Up - Time to Buy?

Key Points

• Salzgitter AG shares gapped up from $3.50 to $3.64 prior to trading, with a trading volume of 360 shares.
• Wall Street analysts have mixed ratings on Salzgitter, with one "Strong Buy," one "Buy," one "Hold," and three "Sell," resulting in a consensus rating of "Hold."
• The company reported a quarterly loss of ($0.12) earnings per share, significantly missing analysts' expectations, despite revenue of $2.65 billion, which exceeded estimates.

Salzgitter AG (OTCMKTS:SZGPY - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $3.50, but opened at $3.64. Salzgitter shares last traded at $3.64, with a volume of 360 shares changing hands.

Wall Street Analyst Weigh In

SZGPY has been the subject of a number of research analyst reports. DZ Bank cut shares of Salzgitter from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Zacks Research lowered shares of Salzgitter from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 21st. Finally, BNP Paribas upgraded shares of Salzgitter to an "outperform" rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Salzgitter presently has a consensus rating of "Hold".

Salzgitter Trading Up 4.0%

The company's fifty day moving average is $2.81 and its 200-day moving average is $2.59. The firm has a market capitalization of $1.97 billion, a P/E ratio of -4.23 and a beta of 1.50.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The basic materials company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). Salzgitter had a negative net margin of 4.45% and a negative return on equity of 9.40%. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.33 billion. On average, equities research analysts anticipate 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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