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

Salzgitter logo with Basic Materials background

Key Points

  • Salzgitter AG's stock price has recently crossed above its 200-day moving average, with the stock trading at €22.84 ($26.56) after reaching a high of €23.34 ($27.14).
  • The company has a market capitalization of $1.24 billion and displays a PE ratio of -6.46, indicating potential valuation concerns.
  • Salzgitter operates within the steel and technology sectors, with various segments including Steel Production and Technology, contributing to its diverse business model.
  • Interested in Salzgitter? Here are five stocks we like better.

Shares of Salzgitter AG (ETR:SZG - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €21.52 ($25.02) and traded as high as €23.34 ($27.14). Salzgitter shares last traded at €22.84 ($26.56), with a volume of 166,322 shares changing hands.

Salzgitter Stock Down 0.9%

The firm's 50 day simple moving average is €22.04 and its two-hundred day simple moving average is €21.60. The stock has a market capitalization of $1.24 billion, a P/E ratio of -6.46, 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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