Salzgitter (OTCMKTS:SZGPY – Get Free Report) released its earnings results on Tuesday. The basic materials company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.08 by $0.09, Zacks reports. Salzgitter had a negative net margin of 0.78% and a negative return on equity of 1.60%.
Salzgitter Price Performance
SZGPY remained flat at $5.80 during trading on Tuesday. 3,013 shares of the company’s stock were exchanged, compared to its average volume of 176. Salzgitter has a 52-week low of $2.09 and a 52-week high of $6.86. The stock has a market capitalization of $3.14 billion, a PE ratio of -38.66 and a beta of 1.56. The stock has a 50 day moving average price of $5.18 and a two-hundred day moving average price of $4.90.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on SZGPY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Salzgitter in a research note on Thursday, February 5th. Oddo Bhf raised shares of Salzgitter from an “underperform” rating to an “outperform” rating in a report on Monday, January 19th. UBS Group lowered shares of Salzgitter from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Salzgitter in a report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.
Salzgitter Company Profile
Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.
Founded in 1937 as part of Germany’s industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.
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