Salzgitter (ETR:SZG) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Salzgitter AG shares have recently crossed above their 200-day moving average, trading at €22.70 ($26.40) after reaching a high of €22.92 ($26.65).
• The stock has a market capitalization of $1.23 billion and a notable P/E ratio of -6.37.
• Salzgitter operates in the steel and technology sectors, with business components including steel production, processing, trading, and technology.

Shares of Salzgitter AG (ETR:SZG - ) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of €22.20 ($25.81) and traded as high as €22.92 ($26.65). Salzgitter shares last traded at €22.70 ($26.40), with a volume of 303,822 shares.

Salzgitter Trading Down 1.7%

The stock has a market cap of $1.23 billion, a P/E ratio of -6.37, a price-to-earnings-growth ratio of -0.09 and a beta of 2.01. The company's fifty day simple moving average is €22.72 and its 200-day simple moving average is €22.20.

Salzgitter Company Profile

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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