Salzgitter (OTCMKTS:SZGPY) Shares Gap Down – Time to Sell?

Salzgitter AG (OTCMKTS:SZGPY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $3.50, but opened at $3.35. Salzgitter shares last traded at $3.4750, with a volume of 8,000 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Zacks Research raised Salzgitter from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. BNP Paribas upgraded shares of Salzgitter to an “outperform” rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

Salzgitter Stock Down 4.9%

The company has a fifty day moving average of $3.16 and a 200 day moving average of $2.73. The company has a market cap of $1.80 billion, a P/E ratio of -3.87 and a beta of 1.50.

Salzgitter (OTCMKTS:SZGPY) last announced its quarterly earnings results on Monday, November 10th. The basic materials company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.14. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Salzgitter had a negative net margin of 4.45% and a negative return on equity of 9.40%. As a group, research analysts forecast that Salzgitter AG will post -0.68 EPS for the current 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.