Salzgitter AG (OTCMKTS:SZGPY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Salzgitter AG (OTCMKTS:SZGPY) have earned a consensus recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.

SZGPY has been the subject of several recent analyst reports. Zacks Research raised shares of Salzgitter from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. BNP Paribas raised shares of Salzgitter to an “outperform” rating in a research report on Friday, October 3rd.

Salzgitter Price Performance

Salzgitter stock opened at $3.22 on Tuesday. Salzgitter has a 12-month low of $1.51 and a 12-month high of $4.09. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -3.74 and a beta of 1.50. The firm’s fifty day moving average price is $3.01 and its 200 day moving average price is $2.67.

Salzgitter (OTCMKTS:SZGPY) last released its quarterly earnings results on Monday, August 11th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). Salzgitter had a negative return on equity of 9.40% and a negative net margin of 4.45%.The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Analysts forecast that Salzgitter will post -0.68 earnings per share for the current fiscal year.

About Salzgitter

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.