Salzgitter (ETR:SZG) Stock Passes Above 200 Day Moving Average – Time to Sell?

Salzgitter AG (ETR:SZGGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of €26.61 and traded as high as €40.62. Salzgitter shares last traded at €39.76, with a volume of 99,059 shares traded.

Salzgitter Trading Down 0.5%

The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -11.29, a P/E/G ratio of -0.09 and a beta of 2.01. The firm’s 50-day moving average is €32.45 and its 200-day moving average is €26.61.

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. The Steel Processing segment produces various high-grade heavy plates; and manufactures line pipes, HFI-welded tubes, and precision and stainless-steel tubes.

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