Salzgitter AG (OTCMKTS:SZGPY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Salzgitter AG (OTCMKTS:SZGPY) have earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

SZGPY has been the subject of a number of recent analyst reports. Morgan Stanley upgraded shares of Salzgitter from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. Citigroup reiterated a “neutral” rating on shares of Salzgitter in a research note on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Salzgitter in a report on Wednesday, May 13th.

Salzgitter Stock Performance

SZGPY stock remained flat at $5.88 during trading on Friday. 5 shares of the company traded hands, compared to its average volume of 2,383. Salzgitter has a one year low of $2.25 and a one year high of $7.99. The stock has a 50-day simple moving average of $6.16 and a 200 day simple moving average of $5.66. The stock has a market capitalization of $3.18 billion, a PE ratio of 65.33 and a beta of 1.72.

Salzgitter (OTCMKTS:SZGPY) last issued its earnings results on Tuesday, May 12th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.09. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Salzgitter had a net margin of 0.49% and a return on equity of 1.00%.

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.