SALZGITTER AG/ADR (OTCMKTS:SZGPY) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of SALZGITTER AG/ADR (OTCMKTS:SZGPY) from a hold rating to a sell rating in a research note released on Tuesday, 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. “

Shares of SZGPY opened at $1.69 on Tuesday. The stock has a fifty day simple moving average of $2.26. SALZGITTER AG/ADR has a fifty-two week low of $1.68 and a fifty-two week high of $4.89.



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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