Salzgitter (OTCMKTS:SZGPY) Releases Quarterly Earnings Results

Salzgitter (OTCMKTS:SZGPY) issued its quarterly earnings results on Monday. The basic materials company reported ($0.07) EPS for the quarter, Zacks reports. Salzgitter had a negative return on equity of 4.08% and a negative net margin of 1.92%.

Salzgitter Price Performance

Shares of Salzgitter stock opened at $2.44 on Monday. Salzgitter has a 1-year low of $1.40 and a 1-year high of $3.01. The business has a 50-day moving average of $2.55 and a 200-day moving average of $2.03. The company has a market capitalization of $1.32 billion, a PE ratio of -6.27 and a beta of 1.47.

Analyst Upgrades and Downgrades

SZGPY has been the topic of several research analyst reports. DZ Bank upgraded shares of Salzgitter from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Kepler Capital Markets raised shares of Salzgitter from a “hold” rating to a “strong-buy” rating in a report on Monday, March 31st. Morgan Stanley reissued an “underweight” rating on shares of Salzgitter in a research note on Wednesday, March 26th. Finally, Oddo Bhf downgraded Salzgitter to an “underperform” rating in a research note on Tuesday, April 15th.

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.