Salzgitter AG (OTCMKTS:SZGPY) Given Average Rating of “Hold” by Brokerages

Shares of Salzgitter AG (OTCMKTS:SZGPY) have been given a consensus rating of “Hold” by the six ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company.

Several brokerages recently weighed in on SZGPY. BNP Paribas upgraded Salzgitter to an “outperform” rating in a report on Friday, October 3rd. Zacks Research upgraded shares of Salzgitter from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th.

Salzgitter Stock Performance

Shares of SZGPY opened at $3.26 on Tuesday. Salzgitter has a fifty-two week low of $1.51 and a fifty-two week high of $4.09. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -3.79 and a beta of 1.50. The firm has a 50 day moving average price of $2.99 and a 200-day moving average price of $2.66.

Salzgitter (OTCMKTS:SZGPY) last issued its earnings results on Monday, August 11th. The basic materials company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). Salzgitter had a negative return on equity of 9.40% and a negative net margin of 4.45%.The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.33 billion. As a group, equities research analysts predict that Salzgitter will post -0.68 earnings per share for the current year.

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.