Salzgitter AG (OTCMKTS:SZGPY) Receives Consensus Recommendation of “Hold” from Analysts

Salzgitter AG (OTCMKTS:SZGPY) has received an average rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company.

Several research analysts have recently commented on SZGPY shares. BNP Paribas raised shares of Salzgitter to an “outperform” rating in a report on Friday. DZ Bank cut shares of Salzgitter from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 17th. Finally, Zacks Research lowered Salzgitter from a “hold” rating to a “strong sell” rating in a report on Thursday, August 21st.

Salzgitter Trading Up 9.0%

Shares of OTCMKTS SZGPY opened at $3.75 on Friday. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of -4.36 and a beta of 1.50. Salzgitter has a twelve month low of $1.40 and a twelve month high of $3.75. The business has a 50 day simple moving average of $2.66 and a 200-day simple moving average of $2.54.

Salzgitter (OTCMKTS:SZGPY) last released its quarterly earnings data on Monday, August 11th. The basic materials company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). Salzgitter had a negative return on equity of 9.40% and a negative net margin of 4.45%.The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.33 billion. As a group, equities analysts predict that Salzgitter will post -0.68 earnings per share 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.