Salzgitter (ETR:SZG) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Salzgitter AG (ETR:SZGGet Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €17.49 ($19.01) and traded as high as €24.40 ($26.52). Salzgitter shares last traded at €23.90 ($25.98), with a volume of 79,630 shares traded.

Salzgitter Stock Down 1.5 %

The firm has a market cap of $1.29 billion, a PE ratio of -6.71, a price-to-earnings-growth ratio of -0.09 and a beta of 2.01. The business has a 50-day moving average price of €20.65 and a two-hundred day moving average price of €17.49.

Salzgitter Company Profile

(Get Free Report)

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.

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