Salzgitter (OTCMKTS:SZGPY) Stock Falls 13.9% – Time to Sell?

Salzgitter AG (OTCMKTS:SZGPY)’s share price traded down 13.9% during mid-day trading on Monday. The stock traded as low as $5.25 and last traded at $5.25. 106 shares traded hands during trading, a decline of 96% from the average daily volume of 2,955 shares. The stock had previously closed at $6.10.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SZGPY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Salzgitter in a report on Friday, September 4th. Jefferies Financial Group raised Salzgitter from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. Finally, Zacks Research raised shares of Salzgitter to a “hold” rating in a research note on Thursday, July 16th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Salzgitter Trading Up 2.2%

The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 43.75 and a beta of 1.70. The stock’s 50-day simple moving average is $6.16 and its 200-day simple moving average is $5.89.

Salzgitter (OTCMKTS:SZGPY) last released its quarterly earnings results on Tuesday, August 11th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.15). Salzgitter had a return on equity of 1.29% and a net margin of 0.65%.The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.42 billion. On average, equities research analysts forecast that Salzgitter AG will post 0.22 earnings per share for the current year.

About Salzgitter

Salzgitter AG is a Germany-based steel and technology group headquartered in Salzgitter, Lower Saxony. Its activities are organized across steel production, steel processing, trading and technology. The company supplies steel products for applications in construction, automotive manufacturing, mechanical engineering, energy and other industrial markets.

Its steel business produces flat steel, plate, sections and other rolled products, while its processing operations manufacture tubes, precision steel products and related components.