Salzgitter AG (OTCMKTS:SZGPY) Given Consensus Rating of “Moderate Buy” by Analysts

Salzgitter AG (OTCMKTS:SZGPY) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

Several equities analysts have recently issued reports on SZGPY shares. Morgan Stanley raised shares of Salzgitter from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Salzgitter in a report on Wednesday, May 13th. Finally, Citigroup reiterated a “neutral” rating on shares of Salzgitter in a research report on Wednesday, May 20th.

Salzgitter Stock Performance

Shares of Salzgitter stock opened at $4.94 on Friday. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 54.90 and a beta of 1.72. Salzgitter has a twelve month low of $2.25 and a twelve month high of $7.99. The business’s 50 day simple moving average is $6.18 and its 200-day simple moving average is $5.64.

Salzgitter (OTCMKTS:SZGPY) last released its quarterly earnings data on Tuesday, May 12th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.09. Salzgitter had a return on equity of 1.00% and a net margin of 0.49%.The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.53 billion.

Salzgitter Company Profile

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.