Zacks Investment Research downgraded shares of Salzgitter AG (OTCMKTS:SZGPY) from a hold rating to a sell rating in a report published on Tuesday.

According to Zacks, “Salzgitter AG is engaged in the production of steel and steel products. Its operating business unit consists of Strip Steel, Plate/Section Steel, Energy, Trading and Technology. Strip Steel unit produces special and branded steels. Plate/Section Steel unit offers heavy plates. Energy unit covers seamless tubes, seam-and spiral-welded large-diameter pipes, stainless steel tubes as well as seamless and welded precision tubes. Trading unit handles sales network and global trading companies and sales offices. Technology unit focuses on machinery and plants for the filling and packaging of beverages. Salzgitter AG is headquartered in Salzgitter, Germany. “

Several other research analysts have also commented on the company. Goldman Sachs Group, Inc. (The) reiterated a neutral rating on shares of Salzgitter AG in a report on Wednesday, July 19th. Kepler Capital Markets lowered Salzgitter AG from a buy rating to a reduce rating in a report on Thursday, June 22nd.

Shares of Salzgitter AG (OTCMKTS:SZGPY) opened at 4.40 on Tuesday. The company’s 50-day moving average is $4.50 and its 200-day moving average is $4.05. Salzgitter AG has a 1-year low of $2.97 and a 1-year high of $4.54. The stock has a market cap of $2.38 billion and a P/E ratio of 19.27.

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About Salzgitter AG

Salzgitter Aktiengesellschaft, through its subsidiaries, engages in steel and technology businesses worldwide. It operates through Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology business units. The Strip Steel business unit manufactures branded and special steels, such as hot-rolled strip steel, cold-rolled steel, sections, tailored blanks, and components for the construction industry.

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