Salzgitter (OTCMKTS:SZGPY - Get Free Report) posted its quarterly earnings data on Friday. The basic materials company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.04), Zacks reports. The company had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.33 billion. Salzgitter had a negative return on equity of 4.08% and a negative net margin of 1.92%.
Salzgitter Stock Down 1.1 %
OTCMKTS:SZGPY traded down $0.03 on Wednesday, reaching $2.66. 1,330 shares of the company's stock were exchanged, compared to its average volume of 5,173. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -6.82 and a beta of 1.57. Salzgitter has a 52-week low of $1.40 and a 52-week high of $3.01. The business has a fifty day moving average of $2.09 and a 200-day moving average of $1.83.
Analyst Ratings Changes
Separately, DZ Bank upgraded Salzgitter from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th.
Check Out Our Latest Stock Report on Salzgitter
About Salzgitter
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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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