Salzgitter AG (OTCMKTS:SZGPY – Get Free Report) saw an uptick in trading volume on Friday. Approximately 7,169 shares changed hands during mid-day trading, an increase of 150% from the previous session’s volume of 2,868 shares. The stock last traded at $5.47 and had previously closed at $5.3350.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. UBS Group raised shares of Salzgitter from a “neutral” rating to a “buy” rating in a research note on Friday. Zacks Research upgraded shares of Salzgitter to a “hold” rating in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Salzgitter in a research note on Friday, September 4th. Finally, Jefferies Financial Group upgraded Salzgitter from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.
Get Our Latest Stock Analysis on SZGPY
Salzgitter Price Performance
Salzgitter (OTCMKTS:SZGPY – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.15). The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Salzgitter had a net margin of 0.65% and a return on equity of 1.29%. On average, sell-side analysts expect that Salzgitter AG will post 0.22 earnings per share for the current year.
Salzgitter Company Profile
Salzgitter AG is a Germany-based steel and technology group headquartered in Salzgitter, Lower Saxony. Its activities are organized across steel production, steel processing, trading and technology. The company supplies steel products for applications in construction, automotive manufacturing, mechanical engineering, energy and other industrial markets.
Its steel business produces flat steel, plate, sections and other rolled products, while its processing operations manufacture tubes, precision steel products and related components.
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