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

Salzgitter logo with Basic Materials background

Salzgitter AG (ETR:SZG - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of €19.88 ($22.59) and traded as high as €20.96 ($23.82). Salzgitter shares last traded at €20.70 ($23.52), with a volume of 40,367 shares changing hands.

Salzgitter Price Performance

The firm's 50 day moving average is €22.06 and its 200 day moving average is €19.96. The company has a market capitalization of $1.11 billion, a PE ratio of -5.77, a P/E/G ratio of -0.09 and a beta of 2.01.

About Salzgitter

(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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