Salzgitter (OTCMKTS:SZGPY) Reaches New 12-Month High – Still a Buy?

Salzgitter AG (OTCMKTS:SZGPY) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $4.49 and last traded at $4.49, with a volume of 8000 shares traded. The stock had previously closed at $4.16.

Analyst Ratings Changes

A number of equities analysts have commented on SZGPY shares. Morgan Stanley reaffirmed an “underweight” rating on shares of Salzgitter in a report on Monday, November 17th. BNP Paribas raised shares of Salzgitter to an “outperform” rating in a report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Salzgitter from a “hold” rating to a “buy” rating in a research note on Tuesday, November 25th. Finally, Zacks Research raised shares of Salzgitter from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Salzgitter has an average rating of “Hold”.

Salzgitter Stock Up 7.9%

The firm’s 50-day moving average price is $3.45 and its 200 day moving average price is $2.85. The firm has a market cap of $2.43 billion, a P/E ratio of -11.22 and a beta of 1.47.

Salzgitter (OTCMKTS:SZGPY) last issued its quarterly earnings data on Monday, November 10th. The basic materials company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.14. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.64 billion. Salzgitter had a negative net margin of 2.09% and a negative return on equity of 4.39%. On average, equities analysts predict that Salzgitter AG will post -0.68 earnings per share 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.