Salzgitter AG (SZGPY) Upgraded at Zacks Investment Research
Salzgitter AG (OTCMKTS:SZGPY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Salzgitter AG is engaged in the production of steel and steel products. Its operating business unit consists of Strip Steel, Plate/Section Steel, Energy, Trading and Technology. Strip Steel unit produces special and branded steels. Plate/Section Steel unit offers heavy plates. Energy unit covers seamless tubes, seam-and spiral-welded large-diameter pipes, stainless steel tubes as well as seamless and welded precision tubes. Trading unit handles sales network and global trading companies and sales offices. Technology unit focuses on machinery and plants for the filling and packaging of beverages. Salzgitter AG is headquartered in Salzgitter, Germany. “
SZGPY has been the topic of several other research reports. Kepler Capital Markets cut shares of Salzgitter AG from a “buy” rating to a “reduce” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Salzgitter AG in a research report on Wednesday, July 19th.
Salzgitter AG (OTCMKTS:SZGPY) remained flat at $4.40 during trading on Wednesday. The company’s 50-day moving average is $4.49 and its 200-day moving average is $4.07. The stock has a market cap of $2.38 billion and a PE ratio of 19.27. Salzgitter AG has a 12 month low of $2.97 and a 12 month high of $4.54.
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About Salzgitter AG
Salzgitter Aktiengesellschaft, through its subsidiaries, engages in steel and technology businesses worldwide. It operates through Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology business units. The Strip Steel business unit manufactures branded and special steels, such as hot-rolled strip steel, cold-rolled steel, sections, tailored blanks, and components for the construction industry.
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