SALZGITTER AG/ADR (OTCMKTS:SZGPY)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $2.62 and last traded at $2.62, with a volume of 358 shares traded. The stock had previously closed at $2.84.

Separately, Zacks Investment Research raised shares of SALZGITTER AG/ADR from a “sell” rating to a “hold” rating in a research report on Friday.

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Salzgitter Aktiengesellschaft, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures branded and special steels, such as hot-rolled strip steel and steel sheets, sections, tailored blanks, and components for the construction industry.

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