Salzgitter AG (OTCMKTS:SZGPY – Get Free Report) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.
A number of research firms have weighed in on SZGPY. Deutsche Bank reissued a “buy” rating on shares of Salzgitter in a report on Friday, September 4th. UBS Group upgraded Salzgitter from a “hold” rating to a “buy” rating in a research note on Friday, October 9th. Citigroup reaffirmed a “neutral” rating on shares of Salzgitter in a research report on Friday, October 23rd. Finally, Zacks Research raised shares of Salzgitter to a “hold” rating in a research report on Thursday, July 16th.
Check Out Our Latest Stock Report on SZGPY
Salzgitter Price Performance
OTCMKTS SZGPY opened at $5.68 on Friday. The business’s fifty day moving average price is $5.72 and its 200-day moving average price is $5.81. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 47.33 and a beta of 1.74. Salzgitter has a 1-year low of $3.07 and a 1-year high of $7.99.
Salzgitter (OTCMKTS:SZGPY – Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The basic materials company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.15). The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.42 billion. Salzgitter had a return on equity of 1.29% and a net margin of 0.65%. Equities research analysts anticipate that Salzgitter will post 0.14 EPS for the current year.
About Salzgitter
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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