Salzgitter AG (OTCMKTS:SZGPY – Get Free Report) shares gapped up before the market opened on Thursday. The stock had previously closed at $4.8840, but opened at $5.33. Salzgitter shares last traded at $5.33, with a volume of 655 shares traded.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on SZGPY shares. UBS Group upgraded shares of Salzgitter from a “hold” rating to a “buy” rating in a research report on Friday, October 9th. Citigroup reiterated a “neutral” rating on shares of Salzgitter in a report on Friday, October 23rd. Zacks Research raised Salzgitter to a “hold” rating in a research note on Thursday, July 16th. Jefferies Financial Group upgraded Salzgitter from a “hold” rating to a “buy” rating in a report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Salzgitter in a research report on Friday, September 4th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Salzgitter has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on SZGPY
Salzgitter Stock Performance
The business’s fifty day moving average price is $5.85 and its 200-day moving average price is $5.82. The stock has a market cap of $2.88 billion, a PE ratio of 44.33 and a beta of 1.70.
Salzgitter (OTCMKTS:SZGPY – Get Free Report) last announced its earnings results on Tuesday, August 11th. The basic materials company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.15). The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Salzgitter had a net margin of 0.65% and a return on equity of 1.29%. Analysts forecast that Salzgitter AG will post 0.14 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. The company produces and processes a broad range of steel products, including flat steel, plate, sections, sheet piling and other long products, as well as tubes and precision steel products. Its products serve industries such as automotive manufacturing, construction, mechanical engineering, energy and infrastructure.
The group operates through businesses focused on steel production, steel processing, trading and technology.
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