Salzgitter (OTCMKTS:SZGPY) Rating Lowered to “Hold” at DZ Bank

Salzgitter (OTCMKTS:SZGPY) was downgraded by stock analysts at DZ Bank from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other brokerages have also recently commented on SZGPY. Morgan Stanley reiterated an “underweight” rating on shares of Salzgitter in a research report on Wednesday, March 26th. Kepler Capital Markets raised Salzgitter from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st. Finally, Oddo Bhf lowered Salzgitter to an “underperform” rating in a research note on Tuesday, April 15th.

Salzgitter Stock Up 12.0%

Shares of SZGPY stock opened at $2.43 on Tuesday. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -3.00 and a beta of 1.45. Salzgitter has a 12 month low of $1.40 and a 12 month high of $3.01. The stock has a 50-day moving average price of $2.37 and a 200 day moving average price of $2.13.

Salzgitter (OTCMKTS:SZGPY) last issued its earnings results on Monday, May 12th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $2.45 billion during the quarter. Salzgitter had a negative net margin of 4.16% and a negative return on equity of 8.78%. Sell-side analysts predict that Salzgitter will post -0.68 earnings per share for the current fiscal 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.