Salzgitter (OTCMKTS:SZGPY) Hits New 1-Year High – Here’s What Happened

Shares of Salzgitter AG (OTCMKTS:SZGPY) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $2.86 and last traded at $2.86, with a volume of 1385 shares changing hands. The stock had previously closed at $2.61.

Wall Street Analysts Forecast Growth

Separately, DZ Bank upgraded shares of Salzgitter from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th.

Salzgitter Trading Up 9.5 %

The company has a market capitalization of $1.55 billion, a PE ratio of -7.33 and a beta of 1.57. The business’s fifty day moving average is $1.92 and its two-hundred day moving average is $1.77.

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.