Salzgitter (OTCMKTS:SZGPY – Get Free Report) announced its earnings results on Friday. The basic materials company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.04), Zacks reports. Salzgitter had a negative net margin of 1.92% and a negative return on equity of 4.08%. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.33 billion.
Salzgitter Price Performance
SZGPY stock opened at $2.69 on Friday. The company has a market capitalization of $1.46 billion, a PE ratio of -6.90 and a beta of 1.57. The firm’s 50-day moving average is $2.04 and its 200 day moving average is $1.81. Salzgitter has a 12 month low of $1.40 and a 12 month high of $3.01.
Analyst Upgrades and Downgrades
Separately, DZ Bank upgraded Salzgitter from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th.
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.
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