Salzgitter (OTCMKTS:SZGPY) Stock Price Down 5.8% – Time to Sell?

Salzgitter AG (OTCMKTS:SZGPY) traded down 5.8% during mid-day trading on Friday . The stock traded as low as $3.27 and last traded at $3.27. 1,351 shares traded hands during trading, a decline of 79% from the average session volume of 6,414 shares. The stock had previously closed at $3.47.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Zacks Research raised Salzgitter from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. BNP Paribas upgraded Salzgitter to an “outperform” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Salzgitter Price Performance

The business’s 50-day simple moving average is $3.14 and its two-hundred day simple moving average is $2.72. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -3.99 and a beta of 1.50.

Salzgitter (OTCMKTS:SZGPY) last issued its quarterly earnings results on Monday, November 10th. The basic materials company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.14. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.64 billion. Salzgitter had a negative return on equity of 9.40% and a negative net margin of 4.45%. As a group, sell-side analysts expect that Salzgitter AG will post -0.68 EPS 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.