Credit Suisse downgraded Salzgitter AG (OTCMKTS:SZGPY) from Outperform to Neutral in a statement released earlier today.
- Updated: October 19, 2016
Credit Suisse has downgraded Salzgitter AG (OTCMKTS:SZGPY) from Outperform to Neutral in a statement released on 10/19/2016.
Boasting a price of $3.33, Salzgitter AG (OTCMKTS:SZGPY) traded 0.00% even on the day. With the last stock price close up 9.14% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Salzgitter AG has recorded a 50-day average of $3.23 and a two hundred day average of $3.05. Volume of trade was down over the average, with 0 shares of SZGPY changing hands under the typical 425
With a market cap of $0, Salzgitter AG has 52 week low of $1.95 and a 52 week high of $3.48 .
Brief Synopsis On Salzgitter AG (OTCMKTS:SZGPY)
Salzgitter Aktiengesellschaft, through its subsidiaries, engages in steel and technology businesses worldwide. It operates through five business units: Strip Steel, Plate/Section Steel, Energy, Trading, and Technology. The Strip Steel business unit manufactures branded and special steels, such as hot-rolled strip steel, cold-rolled steel, sections, flat steel, tailored blanks, and components for roofing and cladding, as well as provides cut-to-size blanks and other services for the automotive industry. The Plate/Section Steel business unit produces various high-grade heavy plates for heavy engineering, tubes producers, and the manufacturers of wind power farms. This business unit also offers sections, as well as trades in scrap. The Energy business unit manufactures various steel tubes and pipes, including spectrum covers seamless tubes, precision tubes, seam- and spiral-welded large-diameter pipes, and stainless steel tubes, as well as seamless and welded precision tubes, and rounded off by HFI-welded pipes for the energy industry, automotive sector, and mechanical engineering sector. The Trading business unit operates a European sales network, as well as trading companies and agencies worldwide. The Technology business unit offers machinery and plants for the filling and packaging of beverages, as well as focuses on the construction of special machinery for shoe manufacturing and elastomer production. The company also provides raw materials procurement, IT, facilities management, logistics, automotive engineering, and research and development services. Salzgitter Aktiengesellschaft was founded in 1858 and is headquartered in Salzgitter, Germany.
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