Salzgitter AG (OTCMKTS:SZGPY – Get Free Report) rose 13.1% on Thursday . The stock traded as high as $6.74 and last traded at $6.74. 134 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 2,516 shares. The stock had previously closed at $5.96.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on SZGPY shares. Zacks Research raised Salzgitter to a “hold” rating in a report on Thursday, July 16th. Jefferies Financial Group raised Salzgitter from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Salzgitter in a research report on Friday, September 4th. Citigroup reiterated a “neutral” rating on shares of Salzgitter in a research note on Wednesday, May 20th. Finally, Morgan Stanley raised shares of Salzgitter from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
Read Our Latest Report on SZGPY
Salzgitter Trading Up 13.1%
Salzgitter (OTCMKTS:SZGPY – Get Free Report) last released its earnings results on Tuesday, August 11th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.15). The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.42 billion. Salzgitter had a net margin of 0.65% and a return on equity of 1.30%. On average, sell-side analysts anticipate that Salzgitter AG will post 0.22 EPS for the current fiscal year.
Salzgitter Company Profile
Salzgitter AG is a Germany-based industrial group headquartered in Salzgitter, Lower Saxony. Its core business is the production and processing of steel products, including flat steel, heavy plate, structural steel, and precision steel tubes. The company supplies products to customers in industries such as automotive manufacturing, construction, mechanical engineering, energy, and infrastructure.
The Salzgitter Group operates through several business areas, including steel production, steel processing, trading, and technology.
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