Free Trial

Salzgitter (OTCMKTS:SZGPY) Hits New 1-Year Low - Time to Sell?

Salzgitter logo with Basic Materials background

Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $1.40 and last traded at $1.40, with a volume of 1816 shares trading hands. The stock had previously closed at $1.45.

Salzgitter Stock Performance

The stock has a market cap of $757.22 million, a price-to-earnings ratio of 9.33 and a beta of 1.50. The company's 50 day simple moving average is $1.68 and its two-hundred day simple moving average is $2.01.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last posted its quarterly earnings results on Monday, August 12th. The basic materials company reported ($0.07) earnings per share for the quarter. Salzgitter had a negative return on equity of 0.22% and a negative net margin of 0.10%. The company had revenue of $2.76 billion during the quarter. On average, equities research analysts predict that Salzgitter AG will post 0.04 earnings per share for the current fiscal year.

About Salzgitter

(Get Free Report)

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.

Recommended Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in Salzgitter right now?

Before you consider Salzgitter, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Salzgitter wasn't on the list.

While Salzgitter currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2024 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

’Best Report in 2 Years’: NVIDIA Earnings Crushes Expectations Again
Palantir and the NASDAQ 100: What’s the Next Big Stock Swing for This AI Giant?
Rocket Lab Stock Explodes Higher—What’s Next for This Space Pioneer?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines