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Salzgitter (ETR:SZG) Shares Pass Above 200-Day Moving Average - Time to Sell?

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 Tuesday . The stock has a 200-day moving average of €18.31 ($20.93) and traded as high as €23.98 ($27.41). Salzgitter shares last traded at €23.82 ($27.23), with a volume of 113,692 shares traded.

Salzgitter Price Performance

The company has a 50 day simple moving average of €22.57 and a 200-day simple moving average of €18.44. The firm has a market cap of $1.19 billion, a PE ratio of -6.21, a price-to-earnings-growth 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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