SGL Carbon (OTCMKTS:SGLFF) Stock Price Up 15% – Here’s Why

Shares of SGL Carbon SE (OTCMKTS:SGLFFGet Free Report) rose 15% on Friday . The company traded as high as $4.5080 and last traded at $4.5080. Approximately 500 shares were traded during mid-day trading, an increase of 67% from the average daily volume of 300 shares. The stock had previously closed at $3.92.

SGL Carbon Price Performance

The company’s 50 day moving average price is $3.63 and its two-hundred day moving average price is $3.79.

SGL Carbon Company Profile

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SGL Carbon SE is a German high‐technology company specializing in carbon‐based solutions, including graphite and composite materials. Headquartered in Wiesbaden, Germany, the firm was established in 1992 but draws on more than 150 years of carbon materials expertise. Its operations are organized into two principal segments: Graphite Solutions, which produces graphite electrodes, carbon blocks and other graphitic products for industries such as steel, aluminum and chemicals; and Composite Solutions, which focuses on fiber‐reinforced composites, carbon fibers and specialty materials for high‐performance applications.

The company’s product portfolio serves a broad range of end markets, including automotive, aerospace, renewable energy and electronics.

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