Salzgitter (OTCMKTS:SZGPY) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Salzgitter AG (OTCMKTS:SZGPY) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.44 and traded as high as $4.59. Salzgitter shares last traded at $4.59, with a volume of 276 shares trading hands.

Wall Street Analyst Weigh In

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

Salzgitter Price Performance

The company has a fifty day moving average price of $5.69 and a two-hundred day moving average price of $4.44. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of -30.60 and a beta of 1.36.

Salzgitter (OTCMKTS:SZGPY) last released its earnings results on Thursday, March 19th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Salzgitter had a negative return on equity of 1.61% and a negative net margin of 0.78%.The firm had revenue of $2.46 billion for the quarter. On average, research analysts expect that Salzgitter AG will post -0.68 earnings per share for the current fiscal year.

Salzgitter Company Profile

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.