Salzgitter (ETR:SZG) Stock Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• Salzgitter AG shares have surpassed their 200-day moving average, indicating a potential upward trend in stock performance.
• The stock reached a high of €24.26 before closing at €23.12, with significant trading volume of 287,394 shares.
• Salzgitter operates in the steel industry, with a market capitalization of $1.27 billion and segments including Steel Production and Technology.

Salzgitter AG (ETR:SZG - ) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of €22.55 ($26.53) and traded as high as €24.26 ($28.54). Salzgitter shares last traded at €23.12 ($27.20), with a volume of 287,394 shares traded.

Salzgitter Stock Performance

The firm has a 50-day moving average price of €22.84 and a 200-day moving average price of €22.55. The stock has a market cap of $1.27 billion, a PE ratio of -6.62, a price-to-earnings-growth ratio of -0.09 and a beta of 2.01.

About Salzgitter

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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