Salzgitter (ETR:SZG) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Salzgitter AG shares crossed above their 200-day moving average of €22.57 ($26.55), reaching a high of €25.98 ($30.56) during trading.
• The company's stock has a market cap of $1.41 billion and a price-to-earnings ratio of -7.34, indicating potential volatility in its earnings.
• Salzgitter operates in four segments: Steel Production, Steel Processing, Trading, and Technology, focusing on diversified steel manufacturing and technology solutions.

Shares of Salzgitter AG (ETR:SZG - ) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of €22.57 ($26.55) and traded as high as €25.98 ($30.56). Salzgitter shares last traded at €25.46 ($29.95), with a volume of 148,768 shares changing hands.

Salzgitter Stock Performance

The firm's 50-day moving average price is €22.85 and its two-hundred day moving average price is €22.57. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -7.34, a PEG ratio of -0.09 and a beta of 2.01.

Salzgitter Company Profile

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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