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

Salzgitter logo with Basic Materials background

Salzgitter AG (ETR:SZG - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €19.17 ($21.54) and traded as high as €21.78 ($24.47). Salzgitter shares last traded at €21.54 ($24.20), with a volume of 43,200 shares.

Salzgitter Stock Performance

The company has a fifty day simple moving average of €23.30 and a two-hundred day simple moving average of €19.31. The firm has a market capitalization of $1.12 billion, a PE ratio of -5.82, a PEG ratio of -0.09 and a beta of 2.01.

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.

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