Shares of Salzgitter AG (OTCMKTS:SZGPY – Get Free Report) gapped up prior to trading on Monday. The stock had previously closed at $5.22, but opened at $5.71. Salzgitter shares last traded at $5.71, with a volume of 606 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on SZGPY. Citigroup reissued a “neutral” rating on shares of Salzgitter in a research report on Friday, October 23rd. UBS Group upgraded shares of Salzgitter from a “hold” rating to a “buy” rating in a research report on Friday, October 9th. Deutsche Bank reaffirmed a “buy” rating on shares of Salzgitter in a research note on Friday, September 4th. Finally, Zacks Research upgraded shares of Salzgitter to a “hold” rating in a research report on Thursday, July 16th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.
View Our Latest Analysis on Salzgitter
Salzgitter Stock Down 0.9%
The firm has a 50 day moving average of $5.73 and a 200 day moving average of $5.81. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 47.33 and a beta of 1.74.
Salzgitter (OTCMKTS:SZGPY – Get Free Report) last issued its quarterly earnings results 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 business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.42 billion. Salzgitter had a net margin of 0.65% and a return on equity of 1.29%. Equities analysts expect that Salzgitter AG will post 0.14 EPS for the current year.
Salzgitter Company Profile
Salzgitter AG is a Germany-based steel and technology group headquartered in Salzgitter. Its businesses include steel production, steel trading, tube manufacturing and technology, serving customers in industries such as automotive, construction, energy and manufacturing. The company produces a range of steel products, including flat and plate steel, and supplies tubes and pipes for industrial applications. Through its technology business, including KHS, Salzgitter also develops filling and packaging systems for the beverage and liquid-food industries.
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