Salzgitter (OTCMKTS:SZGPY) Upgraded at Kepler Capital Markets

Kepler Capital Markets upgraded shares of Salzgitter (OTCMKTS:SZGPY) from a hold rating to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

SZGPY has been the subject of several other reports. DZ Bank raised Salzgitter from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Morgan Stanley restated an “underweight” rating on shares of Salzgitter in a research report on Wednesday, March 26th.

Salzgitter Price Performance

Shares of SZGPY stock opened at $2.62 on Monday. The firm has a fifty day moving average of $2.20 and a two-hundred day moving average of $1.87. The firm has a market cap of $1.42 billion, a P/E ratio of -6.72 and a beta of 1.57. Salzgitter has a 1-year low of $1.40 and a 1-year high of $3.01.

Salzgitter (OTCMKTS:SZGPY) last posted its quarterly earnings results on Friday, March 21st. The basic materials company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.04). Salzgitter had a negative return on equity of 4.08% and a negative net margin of 1.92%. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.33 billion. On average, sell-side analysts expect 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.