Shares of Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.98 and traded as high as $2.51. Salzgitter shares last traded at $2.51, with a volume of 2,033 shares changing hands.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. Oddo Bhf cut shares of Salzgitter to an "underperform" rating in a report on Tuesday, April 15th. Kepler Capital Markets raised Salzgitter from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. DZ Bank raised Salzgitter from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of Salzgitter in a research report on Wednesday, March 26th.
Get Our Latest Stock Report on Salzgitter
Salzgitter Trading Up 5.8 %
The firm's fifty day moving average is $2.52 and its 200 day moving average is $1.99. The stock has a market cap of $1.39 billion, a P/E ratio of -6.59 and a beta of 1.37.
Salzgitter (OTCMKTS:SZGPY - Get Free Report) last posted its quarterly earnings data on Friday, March 21st. The basic materials company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.04). The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.33 billion. Salzgitter had a negative return on equity of 4.08% and a negative net margin of 1.92%. Research analysts forecast that Salzgitter AG will post -0.68 earnings per share for the current fiscal year.
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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