Salzgitter (OTCMKTS:SZGPY) Sets New 12-Month High – Should You Buy?

Salzgitter AG (OTCMKTS:SZGPY)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $2.86 and last traded at $2.86, with a volume of 1385 shares traded. The stock had previously closed at $2.61.

Wall Street Analyst Weigh In

Separately, DZ Bank raised shares of Salzgitter from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th.

Salzgitter Price Performance

The company has a market capitalization of $1.55 billion, a P/E ratio of -7.33 and a beta of 1.57. The stock’s 50 day moving average is $1.90 and its 200-day moving average is $1.77.

Salzgitter Company Profile

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.