Salzgitter (OTCMKTS:SZGPY) Upgraded to Strong-Buy at Kepler Capital Markets

Salzgitter (OTCMKTS:SZGPY) was upgraded by investment analysts at Kepler Capital Markets from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Several other analysts have also issued reports on the stock. DZ Bank raised shares of Salzgitter from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Morgan Stanley reissued an “underweight” rating on shares of Salzgitter in a report on Wednesday, March 26th.

Salzgitter Trading Up 6.8 %

Shares of OTCMKTS SZGPY opened at $2.66 on Monday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -6.82 and a beta of 1.57. The stock has a fifty day simple moving average of $2.18 and a two-hundred day simple moving average of $1.86. Salzgitter has a 1-year low of $1.40 and a 1-year high of $3.01.

Salzgitter (OTCMKTS:SZGPY) last announced its quarterly earnings data on Friday, March 21st. The basic materials company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.04). The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Salzgitter had a negative return on equity of 4.08% and a negative net margin of 1.92%. Analysts forecast that Salzgitter will post -0.68 EPS 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.