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

Salzgitter logo with Basic Materials background

Salzgitter AG (ETR:SZG - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of €20.44 ($24.05) and traded as high as €22.42 ($26.38). Salzgitter shares last traded at €22.42 ($26.38), with a volume of 181,598 shares.

Salzgitter Price Performance

The business's 50 day moving average is €21.23 and its 200-day moving average is €20.57. The company has a market cap of $1.55 billion, a PE ratio of -8.03, a P/E/G 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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