Salzgitter (OTCMKTS:SZGPY) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Salzgitter AG (OTCMKTS:SZGPY - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.13 and traded as low as $2.11. Salzgitter shares last traded at $2.11, with a volume of 288 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Oddo Bhf downgraded Salzgitter to an "underperform" rating in a research report on Tuesday, April 15th. Morgan Stanley restated an "underweight" rating on shares of Salzgitter in a report on Wednesday, March 26th. DZ Bank lowered shares of Salzgitter from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Finally, Kepler Capital Markets raised shares of Salzgitter from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st.

Salzgitter Stock Performance

The business's fifty day moving average price is $2.36 and its two-hundred day moving average price is $2.13. The firm has a market capitalization of $1.29 billion, a P/E ratio of -2.94 and a beta of 1.45.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last announced 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 during the quarter. Salzgitter had a negative net margin of 4.16% and a negative return on equity of 8.78%. Sell-side analysts predict that Salzgitter AG will post -0.68 earnings per share for the current year.

Salzgitter Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 11th. Investors of record on Monday, May 26th were paid a dividend of $0.0117 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a yield of 0.52%. Salzgitter's dividend payout ratio (DPR) is -1.23%.

Salzgitter Company Profile

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.