Salzgitter (OTCMKTS:SZGPY) Releases Earnings Results, Beats Estimates By $0.14 EPS

Salzgitter (OTCMKTS:SZGPY) issued its quarterly earnings results on Monday. The basic materials company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.14, Zacks reports. Salzgitter had a negative net margin of 4.45% and a negative return on equity of 9.40%.

Salzgitter Stock Performance

Shares of OTCMKTS SZGPY traded up $0.14 during midday trading on Monday, reaching $3.37. 8,075 shares of the company’s stock were exchanged, compared to its average volume of 5,916. Salzgitter has a 52-week low of $1.58 and a 52-week high of $4.09. The business’s fifty day moving average price is $3.06 and its two-hundred day moving average price is $2.69. The stock has a market capitalization of $1.82 billion, a PE ratio of -3.92 and a beta of 1.50.

Analyst Upgrades and Downgrades

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

Salzgitter Company Profile

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.