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

Key Points

• Salzgitter shares gapped up on Tuesday, opening at $4.6550 versus a $4.36 close (about a 6.8% rise) on light volume of roughly 1,322 shares.
• Analysts are mixed — 3 Buy, 4 Hold and 1 Sell — leaving a MarketBeat consensus rating of Hold.
• Fundamentals remain weak: the company missed quarterly EPS estimates (‑$0.05 vs. ‑$0.02), reported negative ROE and net margin, and trades with a negative P/E and a market cap around $2.52 billion.

Shares of Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $4.36, but opened at $4.6550. Salzgitter shares last traded at $4.6550, with a volume of 1,322 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SZGPY shares. Oddo Bhf raised Salzgitter from an "underperform" rating to an "outperform" rating in a research report on Monday, January 19th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Salzgitter in a research report on Thursday, February 5th. Citigroup reissued a "neutral" rating on shares of Salzgitter in a research report on Thursday, January 22nd. UBS Group downgraded Salzgitter from a "buy" rating to a "hold" rating in a report on Thursday, January 22nd. Finally, Morgan Stanley reiterated an "underweight" rating on shares of Salzgitter in a research note on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

Salzgitter Stock Up 6.8%

The business's fifty day simple moving average is $5.48 and its two-hundred day simple moving average is $4.55. The company has a market cap of $2.52 billion, a price-to-earnings ratio of -31.03 and a beta of 1.36.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last released its quarterly earnings data on Thursday, March 19th. The basic materials company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.03). Salzgitter had a negative return on equity of 1.61% and a negative net margin of 0.78%.The company had revenue of $2.46 billion for the quarter. Sell-side analysts predict that Salzgitter AG will post -0.68 EPS for the current fiscal year.

Salzgitter Company Profile

Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.

Founded in 1937 as part of Germany's industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.

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