Salzgitter (OTCMKTS:SZGPY) Announces Quarterly Earnings Results

Salzgitter (OTCMKTS:SZGPY) issued its quarterly earnings data on Tuesday. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.09, Zacks reports. Salzgitter had a negative return on equity of 1.60% and a negative net margin of 0.78%.

Salzgitter Price Performance

Shares of Salzgitter stock remained flat at $5.80 during trading on Tuesday. The company had a trading volume of 3,013 shares, compared to its average volume of 176. Salzgitter has a twelve month low of $2.09 and a twelve month high of $6.86. The business’s fifty day simple moving average is $5.18 and its 200-day simple moving average is $4.90. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of -38.66 and a beta of 1.56.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SZGPY shares. UBS Group downgraded Salzgitter from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Oddo Bhf upgraded Salzgitter from an “underperform” rating to an “outperform” rating in a research report on Monday, January 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a research report on Thursday, February 5th. Finally, Citigroup restated a “neutral” rating on shares of Salzgitter in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

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.