Free Trial

Salzgitter (ETR:SZG) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Salzgitter logo with Basic Materials background
Image from MarketBeat Media, LLC.

Key Points

  • Salzgitter crossed above its 200-day moving average, trading as high as €48.04 versus a 200-day MA of €41.14 and was up about 2.4% on the session with ~159,783 shares changing hands.
  • Fundamentally, the company is currently unprofitable with a negative P/E (-13.70), market capitalization of $2.64 billion, a PEG of -0.09 and a relatively high debt-to-equity ratio of 50.19.
  • Salzgitter is a global steel and technology group operating across Steel Production, Steel Processing, Trading and Technology segments.
  • Interested in Salzgitter? Here are five stocks we like better.

Salzgitter AG (ETR:SZG - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €41.14 and traded as high as €48.04. Salzgitter shares last traded at €48.04, with a volume of 159,783 shares traded.

Salzgitter Trading Up 2.4%

The business's 50-day moving average price is €45.39 and its two-hundred day moving average price is €41.14. The company has a market capitalization of $2.64 billion, a P/E ratio of -13.70, a PEG ratio of -0.09 and a beta of 1.61. The company has a debt-to-equity ratio of 50.19, a current ratio of 2.17 and a quick ratio of 0.89.

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.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Salzgitter Right Now?

Before you consider Salzgitter, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Salzgitter wasn't on the list.

While Salzgitter currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Ride The A.I. Megaboom Cover


We are about to experience the greatest A.I. boom in stock market history...

Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.

That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.

  1. The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
  2. The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
  3. Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.

Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.

And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...

Simply click the link below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines