Salzgitter (OTCMKTS:SZGPY) Shares Gap Up – Time to Buy?

Salzgitter AG (OTCMKTS:SZGPY – Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $5.24, but opened at $5.80. Salzgitter shares last traded at $5.80, with a volume of 3,000 shares trading hands.

Analyst Upgrades and Downgrades

SZGPY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a research report on Thursday, February 5th. Oddo Bhf upgraded shares of Salzgitter from an “underperform” rating to an “outperform” rating in a report on Monday, January 19th. Citigroup reiterated a “neutral” rating on shares of Salzgitter in a report on Thursday, January 22nd. Finally, UBS Group downgraded shares of Salzgitter from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Get Salzgitter alerts:

Get Our Latest Stock Report on SZGPY

Salzgitter Price Performance

The firm’s fifty day moving average price is $5.21 and its 200-day moving average price is $4.87. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of -38.66 and a beta of 1.56.

Salzgitter (OTCMKTS:SZGPY – Get Free Report) last announced its quarterly earnings results on Thursday, March 19th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $2.46 billion for the quarter. Salzgitter had a negative return on equity of 1.60% and a negative net margin of 0.78%. On average, research analysts predict that Salzgitter AG will post 0.2 earnings per share for the current year.

Salzgitter Company Profile

(Get Free Report)

Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.

Founded in 1937 as part of Germany’s industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.

Recommended Stories

• Five stocks we like better than Salzgitter
• Before the Moon Base Gets Built, These 4 Companies Win
• Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases
• 3 Stocks That Win If Inflation Surprises to the Downside
• MercadoLibre Boldly Invests in Growth: Discount Deepens

Receive News & Ratings for Salzgitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salzgitter and related companies with MarketBeat.com's FREE daily email newsletter.