Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.91 and traded as high as $2.82. Salzgitter shares last traded at $2.82, with a volume of 5,453 shares.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on SZGPY. DZ Bank raised Salzgitter from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Kepler Capital Markets upgraded Salzgitter from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of Salzgitter in a report on Wednesday, March 26th.
Read Our Latest Stock Report on Salzgitter
Salzgitter Price Performance
The business's fifty day moving average is $2.36 and its 200 day moving average is $1.93. The stock has a market cap of $1.46 billion, a PE ratio of -6.92 and a beta of 1.37.
Salzgitter (OTCMKTS:SZGPY - Get Free Report) last announced its earnings results on Friday, March 21st. The basic materials company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.04). Salzgitter had a negative return on equity of 4.08% and a negative net margin of 1.92%. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.33 billion. As a group, analysts predict that Salzgitter AG will post -0.68 EPS for the current year.
Salzgitter Company Profile
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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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