Salzgitter (OTCMKTS:SZGPY) Sets New 52-Week Low at $1.96

Salzgitter AG (OTCMKTS:SZGPY)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $1.96 and last traded at $1.96, with a volume of 4 shares trading hands. The stock had previously closed at $1.96.

Salzgitter Stock Performance

The stock has a market cap of $1.06 billion, a P/E ratio of 13.07 and a beta of 1.49. The business has a 50 day simple moving average of $2.35 and a 200-day simple moving average of $2.60.

Salzgitter (OTCMKTS:SZGPY) last posted its quarterly earnings results on Monday, May 13th. The basic materials company reported $0.03 earnings per share for the quarter. The company had revenue of $2.91 billion during the quarter. Salzgitter had a return on equity of 1.51% and a net margin of 0.71%. On average, sell-side analysts predict that Salzgitter AG will post 0.22 earnings per share for the current fiscal year.

Salzgitter Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, June 18th. Investors of record on Friday, May 31st were issued a dividend of $0.0317 per share. The ex-dividend date of this dividend was Friday, May 31st. Salzgitter’s dividend payout ratio (DPR) is 20.00%.

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.