Salzgitter AG (OTCMKTS:SZGPY) Given Average Rating of “Hold” by Analysts

Salzgitter AG (OTCMKTS:SZGPY) has earned an average recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company.

Several brokerages have weighed in on SZGPY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Salzgitter in a research note on Wednesday, May 13th. Citigroup reiterated a “neutral” rating on shares of Salzgitter in a research note on Wednesday.

Salzgitter Price Performance

OTCMKTS:SZGPY opened at $6.38 on Friday. The stock’s 50 day moving average price is $5.25 and its 200 day moving average price is $5.08. The company has a market capitalization of $3.45 billion, a PE ratio of 70.89 and a beta of 1.56. Salzgitter has a 52-week low of $2.09 and a 52-week high of $6.86.

Salzgitter (OTCMKTS:SZGPY) last released its quarterly earnings results on Tuesday, May 12th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.09. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.53 billion. Salzgitter had a return on equity of 1.02% and a net margin of 0.49%. As a group, sell-side analysts anticipate that Salzgitter will post 0.2 EPS for the current fiscal year.

Salzgitter Company Profile

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.