Shares of Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) rose 9.6% during trading on Thursday . The stock traded as high as $3.32 and last traded at $3.14. Approximately 1,487 shares changed hands during trading, a decline of 66% from the average daily volume of 4,400 shares. The stock had previously closed at $2.86.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on SZGPY shares. DZ Bank lowered Salzgitter from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Oddo Bhf lowered Salzgitter to an "underperform" rating in a research report on Tuesday, April 15th. Kepler Capital Markets raised shares of Salzgitter from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Finally, Morgan Stanley reiterated an "underweight" rating on shares of Salzgitter in a research report on Wednesday, March 26th.
Read Our Latest Stock Analysis on Salzgitter
Salzgitter Stock Performance
The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -3.04 and a beta of 1.43. The firm's fifty day simple moving average is $2.42 and its 200 day simple moving average is $2.28.
Salzgitter (OTCMKTS:SZGPY - Get Free Report) last posted its earnings results on Monday, May 12th. The basic materials company reported ($0.07) earnings per share for the quarter. The firm had revenue of $2.45 billion for the quarter. Salzgitter had a negative return on equity of 8.78% and a negative net margin of 4.16%. Analysts forecast that Salzgitter AG will post -0.68 earnings per share for the current year.
Salzgitter Cuts Dividend
The firm also recently declared a dividend, which was paid on Wednesday, June 11th. Shareholders 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 payout ratio is currently -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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