Salzgitter (OTCMKTS:SZGPY) Shares Gap Up – What’s Next?

by · The Cerbat Gem

Salzgitter AG (OTCMKTS:SZGPY – Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $4.7450, but opened at $4.9855. Salzgitter shares last traded at $4.9855, with a volume of 800 shares trading hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on SZGPY shares. UBS Group raised Salzgitter from a “hold” rating to a “buy” rating in a report on Monday, December 8th. Deutsche Bank Aktiengesellschaft raised shares of Salzgitter from a “hold” rating to a “buy” rating in a research note on Tuesday, November 25th. BNP Paribas upgraded shares of Salzgitter to an “outperform” rating in a research report on Friday, October 3rd. Zacks Research raised shares of Salzgitter from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, Citigroup restated a “neutral” rating on shares of Salzgitter in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

View Our Latest Stock Analysis on SZGPY

Salzgitter Price Performance

The company has a market cap of $2.70 billion, a price-to-earnings ratio of -12.46 and a beta of 1.47. The stock has a 50-day moving average price of $3.71 and a 200 day moving average price of $3.01.

Salzgitter (OTCMKTS:SZGPY – Get Free Report) last posted its earnings results on Monday, November 10th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.14. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Salzgitter had a negative return on equity of 4.31% and a negative net margin of 2.09%. Sell-side analysts expect that Salzgitter AG will post -0.68 EPS for the current fiscal year.

Salzgitter Company Profile

(Get Free Report)

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.

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