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

Shares of Salzgitter AG (OTCMKTS:SZGPY) have been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

SZGPY has been the subject of a number of recent research reports. Morgan Stanley upgraded shares of Salzgitter from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft restated 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 note on Wednesday, May 20th.

Salzgitter Price Performance

SZGPY stock opened at $7.05 on Wednesday. The business has a 50-day moving average price of $6.11 and a 200 day moving average price of $5.54. The company has a market capitalization of $3.81 billion, a P/E ratio of 78.28 and a beta of 1.65. Salzgitter has a 1-year low of $2.09 and a 1-year high of $7.99.

Salzgitter (OTCMKTS:SZGPY) last released its quarterly earnings data on Tuesday, May 12th. The basic materials company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.09. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.53 billion. Salzgitter had a return on equity of 1.02% and a net margin of 0.49%.

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.