Salzgitter Ag (SZGPY) Lifted to Hold at Zacks Investment Research

Salzgitter Ag (OTCMKTS:SZGPY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

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. “

Shares of Salzgitter Ag (OTCMKTS:SZGPY) opened at 3.66 on Tuesday. Salzgitter Ag has a 1-year low of $2.57 and a 1-year high of $4.02. The stock’s market cap is $1.98 billion. The stock’s 50 day moving average price is $3.85 and its 200 day moving average price is $3.43.

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