Salzgitter (OTCMKTS:SZGPY) Upgraded at Kepler Capital Markets

Salzgitter (OTCMKTS:SZGPY - Get Free Report) was upgraded by investment analysts at Kepler Capital Markets from a "hold" rating to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.

Several other equities analysts also recently commented on the stock. Morgan Stanley reissued an "underweight" rating on shares of Salzgitter in a research report on Wednesday, March 26th. DZ Bank raised Salzgitter from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th.

Salzgitter Stock Down 8.4 %

Shares of SZGPY traded down $0.21 during midday trading on Monday, reaching $2.27. 298 shares of the stock were exchanged, compared to its average volume of 5,283. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -5.82 and a beta of 1.37. Salzgitter has a 12-month low of $1.40 and a 12-month high of $3.01. The firm has a 50 day simple moving average of $2.23 and a 200-day simple moving average of $1.88.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last issued its quarterly earnings data on Friday, March 21st. The basic materials company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.04). The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.33 billion. Salzgitter had a negative net margin of 1.92% and a negative return on equity of 4.08%. Research analysts expect that Salzgitter will post -0.68 earnings per share for the current fiscal year.

Salzgitter Company Profile

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.