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Salzgitter (ETR:SZG) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Salzgitter logo with Basic Materials background

Salzgitter AG (ETR:SZG - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of €18.55 ($21.08) and traded as high as €22.30 ($25.34). Salzgitter shares last traded at €21.06 ($23.93), with a volume of 64,370 shares.

Salzgitter Price Performance

The business has a 50 day moving average price of €22.97 and a 200 day moving average price of €18.72. The firm has a market capitalization of $1.20 billion, a P/E ratio of -6.24, a price-to-earnings-growth ratio of -0.09 and a beta of 2.01.

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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