Salzgitter AG (OTCMKTS:SZGPY - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $2.17, but opened at $2.43. Salzgitter shares last traded at $2.43, with a volume of 534 shares.
Wall Street Analyst Weigh In
SZGPY has been the topic of a number of recent research reports. Kepler Capital Markets raised Salzgitter from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Oddo Bhf cut shares of Salzgitter to an "underperform" rating in a report on Tuesday, April 15th. Morgan Stanley reissued an "underweight" rating on shares of Salzgitter in a research report on Wednesday, March 26th. Finally, DZ Bank lowered shares of Salzgitter from a "strong-buy" rating to a "hold" rating in a report on Tuesday.
Check Out Our Latest Research Report on Salzgitter
Salzgitter Stock Performance
The stock has a 50 day moving average of $2.37 and a 200-day moving average of $2.13. The company has a market cap of $1.31 billion, a PE ratio of -3.00 and a beta of 1.45.
Salzgitter (OTCMKTS:SZGPY - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter. Salzgitter had a negative net margin of 4.16% and a negative return on equity of 8.78%. The company had revenue of $2.45 billion during the quarter. Equities research analysts forecast that Salzgitter AG will post -0.68 EPS for the current year.
Salzgitter Cuts Dividend
The company also recently declared a dividend, which was paid on Wednesday, June 11th. Stockholders of record on Monday, May 26th were paid a $0.0117 dividend. This represents a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, May 23rd. Salzgitter's dividend payout ratio is presently -1.23%.
About Salzgitter
(
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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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