Shares of Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.94 and traded as high as $2.43. Salzgitter shares last traded at $2.43, with a volume of 628 shares traded.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on SZGPY shares. Oddo Bhf downgraded Salzgitter to an "underperform" rating in a report on Tuesday, April 15th. DZ Bank upgraded shares of Salzgitter from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Kepler Capital Markets raised shares of Salzgitter from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Finally, Morgan Stanley reiterated an "underweight" rating on shares of Salzgitter in a research note on Wednesday, March 26th.
Get Our Latest Research Report on Salzgitter
Salzgitter Price Performance
The firm has a market cap of $1.28 billion, a P/E ratio of -6.08 and a beta of 1.37. The company's 50-day moving average is $2.43 and its two-hundred day moving average is $1.96.
Salzgitter (OTCMKTS:SZGPY - Get Free Report) last issued its quarterly earnings results on Friday, March 21st. The basic materials company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.04). The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.33 billion. Salzgitter had a negative return on equity of 4.08% and a negative net margin of 1.92%. On average, analysts expect that Salzgitter AG will post -0.68 EPS for the current fiscal year.
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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