Salzgitter AG (OTCMKTS:SZGPY) Given Average Rating of “Hold” by Analysts
by Danessa Lincoln · The Markets DailySalzgitter AG (OTCMKTS:SZGPY – Get Free Report) has received an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company.
A number of equities analysts have recently issued reports on SZGPY shares. Citigroup reaffirmed a “neutral” rating on shares of Salzgitter in a research report on Thursday, January 22nd. UBS Group downgraded Salzgitter from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Oddo Bhf raised Salzgitter from an “underperform” rating to an “outperform” rating in a research report on Monday, January 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Salzgitter in a research note on Thursday, February 5th. Finally, Morgan Stanley restated an “underweight” rating on shares of Salzgitter in a research note on Tuesday, January 6th.
Check Out Our Latest Research Report on SZGPY
Salzgitter Stock Performance
OTCMKTS:SZGPY opened at $4.36 on Friday. The company’s 50-day simple moving average is $5.53 and its 200-day simple moving average is $4.51. Salzgitter has a fifty-two week low of $2.09 and a fifty-two week high of $6.86. The stock has a market capitalization of $2.36 billion, a P/E ratio of -29.06 and a beta of 1.54.
Salzgitter (OTCMKTS:SZGPY – Get Free Report) last posted its quarterly earnings data on Thursday, March 19th. The basic materials company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Salzgitter had a negative return on equity of 1.61% and a negative net margin of 0.78%.The firm had revenue of $2.46 billion for the quarter. On average, research analysts forecast that Salzgitter will post -0.68 EPS for the current year.
Salzgitter Company Profile
Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.
Founded in 1937 as part of Germany’s industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.