Salzgitter (ETR:SZG) Sets New 52-Week Low at $15.98

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Salzgitter AG (ETR:SZG)’s stock price reached a new 52-week low on Wednesday . The company traded as low as €15.98 ($18.58) and last traded at €16.24 ($18.88), with a volume of 198765 shares trading hands. The stock had previously closed at €16.77 ($19.50).

A number of analysts have recently weighed in on the company. DZ Bank reissued a “neutral” rating on shares of Salzgitter in a research note on Tuesday. Morgan Stanley set a €28.00 ($32.56) price objective on Salzgitter and gave the company a “neutral” rating in a research note on Tuesday, June 25th. Nord/LB set a €17.00 ($19.77) price objective on Salzgitter and gave the company a “neutral” rating in a research note on Tuesday. Baader Bank set a €30.00 ($34.88) price target on Salzgitter and gave the stock a “neutral” rating in a research note on Monday. Finally, Goldman Sachs Group set a €28.00 ($32.56) price target on Salzgitter and gave the stock a “neutral” rating in a research note on Monday. Four analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of €24.88 ($28.93).

The business has a 50 day moving average of €20.62 and a 200 day moving average of €24.89. The company has a market cap of $809.42 million and a PE ratio of 2.81. The company has a debt-to-equity ratio of 24.23, a current ratio of 2.06 and a quick ratio of 1.08.

About Salzgitter (ETR:SZG)

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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