Salzgitter AG (OTCMKTS:SZGPY – Get Free Report)’s share price gapped down before the market opened on Friday. The stock had previously closed at $6.10, but opened at $5.01. Salzgitter shares last traded at $5.1350, with a volume of 550 shares trading hands.
Analyst Ratings Changes
Several equities research analysts have recently commented on SZGPY shares. Jefferies Financial Group upgraded shares of Salzgitter from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. Zacks Research raised shares of Salzgitter to a “hold” rating in a research note on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Salzgitter in a report on Friday, September 4th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Report on Salzgitter
Salzgitter Stock Down 15.8%
Salzgitter (OTCMKTS:SZGPY – Get Free Report) last posted its earnings results on Tuesday, August 11th. The basic materials company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.15). Salzgitter had a return on equity of 1.29% and a net margin of 0.65%.The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.42 billion. As a group, equities research analysts predict that Salzgitter AG will post 0.22 earnings per share for the current fiscal 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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