Salzgitter (OTCMKTS:SZGPY) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Salzgitter AG (OTCMKTS:SZGPY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.44 and traded as high as $4.59. Salzgitter shares last traded at $4.59, with a volume of 276 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a research note on Thursday, February 5th. Morgan Stanley reissued an “underweight” rating on shares of Salzgitter in a report on Tuesday, January 6th. Citigroup reissued a “neutral” rating on shares of Salzgitter in a research report on Thursday, January 22nd. Oddo Bhf upgraded Salzgitter from an “underperform” rating to an “outperform” rating in a research note on Monday, January 19th. Finally, UBS Group cut Salzgitter from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

Salzgitter Stock Performance

The firm has a market capitalization of $2.48 billion, a PE ratio of -30.60 and a beta of 1.36. The firm’s fifty day moving average price is $5.65 and its 200 day moving average price is $4.44.

Salzgitter (OTCMKTS:SZGPY) last posted its earnings results on Thursday, March 19th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Salzgitter had a negative net margin of 0.78% and a negative return on equity of 1.61%. The business had revenue of $2.46 billion for the quarter. On average, analysts predict that Salzgitter AG will post -0.68 earnings per share for the current year.

About Salzgitter

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.