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Salzgitter (ETR:SZG) Share Price Crosses Above 200 Day Moving Average - What's Next?

Salzgitter logo with Basic Materials background

Salzgitter AG (ETR:SZG - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of €20.88 ($24.28) and traded as high as €26.66 ($31.00). Salzgitter shares last traded at €25.80 ($30.00), with a volume of 181,877 shares changing hands.

Salzgitter Stock Performance

The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -5.93, a P/E/G ratio of -0.09 and a beta of 2.01. The business has a 50 day moving average of €21.76 and a two-hundred day moving average of €21.08.

Salzgitter Company Profile

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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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