Salzgitter AG (OTCMKTS:SZGPY – Get Free Report) shot up 5% during mid-day trading on Friday . The company traded as high as $2.51 and last traded at $2.51. 1,123 shares traded hands during trading, a decline of 49% from the average session volume of 2,219 shares. The stock had previously closed at $2.39.
Salzgitter Stock Performance
The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 6.28 and a beta of 1.50. The company has a 50-day moving average price of $2.57 and a 200-day moving average price of $2.73.
Salzgitter (OTCMKTS:SZGPY – Get Free Report) last posted its earnings results on Friday, March 15th. The basic materials company reported $0.02 earnings per share for the quarter. The firm had revenue of $2.57 billion during the quarter. Salzgitter had a return on equity of 4.03% and a net margin of 1.85%. On average, research analysts expect that Salzgitter AG will post 0.41 earnings per share for the current fiscal 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.
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