Salzgitter (OTCMKTS:SZGPY) Trading Down 10.4% - Here's What Happened

Key Points

• Salzgitter AG's stock price fell by 10.4%, closing at $3.26 after trading as low as that price on Wednesday.
• Recent analyst ratings show mixed opinions, with DZ Bank downgrading the stock to "hold" while Zacks upgraded it to "hold" and BNP Paribas rated it "outperform".
• Salzgitter reported a loss of ($0.12) per share in its last earnings report, missing expectations, but surpassed revenue estimates with $2.65 billion for the quarter.

Salzgitter AG (OTCMKTS:SZGPY - Get Free Report)'s stock price was down 10.4% during trading on Wednesday . The company traded as low as $3.26 and last traded at $3.26. Approximately 3,878 shares were traded during trading, an increase of 0% from the average daily volume of 3,862 shares. The stock had previously closed at $3.64.

Analyst Upgrades and Downgrades

Several analysts recently commented on SZGPY shares. DZ Bank cut Salzgitter from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Zacks Research upgraded Salzgitter from a "strong sell" rating to a "hold" rating in a report on Monday. Finally, BNP Paribas raised Salzgitter to an "outperform" rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold".

Salzgitter Trading Down 10.4%

The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of -3.79 and a beta of 1.50. The firm has a fifty day moving average price of $2.83 and a 200 day moving average price of $2.59.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last released its earnings results on Monday, August 11th. The basic materials company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.33 billion. Salzgitter had a negative return on equity of 9.40% and a negative net margin of 4.45%. As a group, equities analysts predict that Salzgitter AG will post -0.68 EPS for the current fiscal year.

About Salzgitter

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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