Zacks Investment Research lowered shares of SALZGITTER AG/ADR (OTCMKTS:SZGPY) from a hold rating to a sell rating in a research report report published on Tuesday morning, Zacks.com reports.
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. “
OTCMKTS:SZGPY opened at $1.69 on Tuesday. SALZGITTER AG/ADR has a fifty-two week low of $1.68 and a fifty-two week high of $4.89. The company’s 50-day simple moving average is $2.28.
About SALZGITTER AG/ADR
Salzgitter Aktiengesellschaft, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures branded and special steels, such as hot-rolled strip steel and steel sheets, sections, tailored blanks, and components for the construction industry.
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