Shares of Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) 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 subject of several recent analyst reports. DZ Bank cut Salzgitter from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Morgan Stanley restated an "underweight" rating on shares of Salzgitter in a research note on Wednesday, March 26th. Oddo Bhf cut Salzgitter to an "underperform" rating in a research note on Tuesday, April 15th. Finally, Kepler Capital Markets upgraded Salzgitter from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st.
Read Our Latest Analysis on SZGPY
Salzgitter Stock Down 2.1%
The company has a market cap of $1.29 billion, a P/E ratio of -2.94 and a beta of 1.45. The company has a fifty day moving average of $2.35 and a 200 day moving average of $2.14.
Salzgitter (OTCMKTS:SZGPY - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The basic materials company reported ($0.07) 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, research analysts forecast that Salzgitter AG will post -0.68 EPS for the current year.
Salzgitter Cuts Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, June 11th. Investors of record on Monday, May 26th were issued a $0.0117 dividend. This represents a dividend yield of 0.52%. The ex-dividend date was Friday, May 23rd. Salzgitter's payout ratio is currently -1.23%.
Salzgitter Company Profile
(
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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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