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

Salzgitter AG (OTCMKTS:SZGPY) gapped down before the market opened on Thursday . The stock had previously closed at $5.75, but opened at $5.24. Salzgitter shares last traded at $5.24, with a volume of 1,503 shares traded.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Oddo Bhf upgraded Salzgitter from an “underperform” rating to an “outperform” rating in a research report on Monday, January 19th. Morgan Stanley reiterated an “underweight” rating on shares of Salzgitter in a research report on Tuesday, January 6th. Citigroup reiterated a “neutral” rating on shares of Salzgitter in a research report on Thursday, January 22nd. UBS Group downgraded Salzgitter from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Salzgitter in a research note on Thursday, February 5th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Salzgitter Stock Down 1.1%

The stock’s 50 day simple moving average is $5.31 and its two-hundred day simple moving average is $4.81. The company has a market cap of $2.83 billion, a PE ratio of -34.93 and a beta of 1.54.

Salzgitter (OTCMKTS:SZGPY) last released its quarterly earnings data on Thursday, March 19th. The basic materials company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Salzgitter had a negative return on equity of 1.60% and a negative net margin of 0.78%.The firm had revenue of $2.46 billion during the quarter. Analysts forecast that Salzgitter AG will post 0.2 EPS for the current year.

About Salzgitter

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.