Salzgitter (OTCMKTS:SZGPY) Shares Gap Down – Time to Sell?

Salzgitter AG (OTCMKTS:SZGPY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $6.60, but opened at $5.71. Salzgitter shares last traded at $5.71, with a volume of 182 shares changing hands.

Analyst Ratings Changes

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

Salzgitter Trading Down 8.4%

The company has a market cap of $3.32 billion, a PE ratio of -15.35 and a beta of 1.41. The business’s 50 day moving average is $5.26 and its two-hundred day moving average is $3.82.

Salzgitter (OTCMKTS:SZGPY) last announced its quarterly earnings data on Monday, November 10th. The basic materials company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.14. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.64 billion. Salzgitter had a negative return on equity of 4.31% and a negative net margin of 2.09%. As a group, equities research analysts predict that Salzgitter AG will post -0.68 EPS for the current fiscal 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.