Salzgitter (SZGPY) Expected to Announce Quarterly Earnings on Thursday

Salzgitter (OTCMKTS:SZGPY) is expected to be posting its results before the market opens on Thursday, March 19th. Analysts expect Salzgitter to post earnings of ($0.02) per share for the quarter.

Salzgitter Stock Down 12.4%

OTCMKTS SZGPY opened at $4.47 on Tuesday. The company has a market cap of $2.42 billion, a PE ratio of -11.17 and a beta of 1.36. Salzgitter has a 52 week low of $2.09 and a 52 week high of $6.86. The firm’s 50-day simple moving average is $5.79 and its two-hundred day simple moving average is $4.35.

Analysts Set New Price Targets

A number of research firms recently weighed in on SZGPY. Morgan Stanley reiterated an “underweight” rating on shares of Salzgitter in a research note on Tuesday, January 6th. Oddo Bhf raised shares of Salzgitter from an “underperform” rating to an “outperform” rating in a report on Monday, January 19th. UBS Group cut shares of Salzgitter from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Salzgitter in a report on Thursday, February 5th. Finally, Citigroup reiterated a “neutral” rating on shares of Salzgitter in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Salzgitter presently has an average rating of “Hold”.

About Salzgitter

Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.

Founded in 1937 as part of Germany’s industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.