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

Shares of Salzgitter AG (OTCMKTS:SZGPY) have been given a consensus recommendation of “Hold” by the nine analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company.

Several equities research analysts have recently commented on SZGPY shares. Citigroup restated a “neutral” rating on shares of Salzgitter in a report on Thursday, January 22nd. Morgan Stanley reissued an “underweight” rating on shares of Salzgitter in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Salzgitter in a research report on Thursday, February 5th. UBS Group cut shares of Salzgitter from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Finally, Oddo Bhf upgraded shares of Salzgitter from an “underperform” rating to an “outperform” rating in a research note on Monday, January 19th.

Salzgitter Stock Performance

Salzgitter stock traded up $0.47 during trading hours on Thursday, hitting $6.72. The company had a trading volume of 519 shares, compared to its average volume of 4,132. The firm has a market cap of $3.63 billion, a P/E ratio of -16.80 and a beta of 1.41. The company has a 50-day moving average price of $5.21 and a two-hundred day moving average price of $3.80. Salzgitter has a 1 year low of $1.83 and a 1 year high of $6.86.

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