Salzgitter (OTCMKTS:SZGPY) Shares Gap Down – Should You Sell?

Salzgitter AG (OTCMKTS:SZGPY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $4.89, but opened at $4.75. Salzgitter shares last traded at $4.84, with a volume of 3,643 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SZGPY shares. Zacks Research upgraded Salzgitter from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Deutsche Bank Aktiengesellschaft upgraded Salzgitter from a “hold” rating to a “buy” rating in a research note on Tuesday, November 25th. UBS Group upgraded shares of Salzgitter from a “hold” rating to a “buy” rating in a research note on Monday, December 8th. Citigroup restated a “neutral” rating on shares of Salzgitter in a research report on Friday, December 5th. Finally, BNP Paribas raised shares of Salzgitter to an “outperform” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

Salzgitter Stock Performance

The stock has a market cap of $2.59 billion, a P/E ratio of -11.95 and a beta of 1.47. The firm has a 50 day simple moving average of $3.63 and a two-hundred day simple moving average of $2.95.

Salzgitter (OTCMKTS:SZGPY) last released its earnings results 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 firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Salzgitter had a negative net margin of 2.09% and a negative return on equity of 4.31%. As a group, equities research analysts predict that Salzgitter AG will post -0.68 EPS for the current year.

Salzgitter Company Profile

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.