Salzgitter (OTCMKTS:SZGPY) Issues Earnings Results

Salzgitter (OTCMKTS:SZGPY) announced its quarterly earnings data on Monday. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, Zacks reports. Salzgitter had a negative net margin of 1.92% and a negative return on equity of 4.08%.

Salzgitter Price Performance

Shares of SZGPY opened at $2.44 on Monday. The firm has a market cap of $1.32 billion, a P/E ratio of -6.27 and a beta of 1.47. The stock has a 50 day simple moving average of $2.55 and a two-hundred day simple moving average of $2.03. Salzgitter has a 1 year low of $1.40 and a 1 year high of $3.01.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley reiterated an “underweight” rating on shares of Salzgitter in a research report on Wednesday, March 26th. Oddo Bhf cut Salzgitter to an “underperform” rating in a research report on Tuesday, April 15th. Kepler Capital Markets upgraded Salzgitter from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 31st. Finally, DZ Bank upgraded Salzgitter from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th.

About Salzgitter

Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through four segments: Steel Production, Steel Processing, Trading, and Technology. The Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading.