Salzgitter (OTCMKTS:SZGPY) Stock Price Down 5.8% – Time to Sell?

Shares of Salzgitter AG (OTCMKTS:SZGPY) were down 5.8% during mid-day trading on Friday . The stock traded as low as $3.27 and last traded at $3.27. Approximately 1,351 shares were traded during trading, a decline of 79% from the average daily volume of 6,414 shares. The stock had previously closed at $3.47.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. BNP Paribas upgraded shares of Salzgitter to an “outperform” rating in a report on Friday, October 3rd. Zacks Research raised shares of Salzgitter from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Salzgitter currently has a consensus rating of “Hold”.

Salzgitter Stock Down 2.7%

The stock has a market capitalization of $1.86 billion, a PE ratio of -3.99 and a beta of 1.50. The company’s fifty day moving average price is $3.14 and its 200-day moving average price is $2.72.

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