SGL Carbon (ETR:SGL) Shares Up 2.3% - Here's Why

Key Points

• Shares of SGL Carbon SE rose by 2.3% to €3.29 ($3.86), marking a comeback from a previous close of €3.21 ($3.78).
• Despite the price increase, trading volume saw a significant decline of 49% from the average daily volume, with approximately 125,877 shares changing hands.
• SGL Carbon has a market capitalization of $413.12 million and operates in four segments: Graphite Solutions, Process Technology, Carbon Fibers, and Composite Solutions.

Shares of SGL Carbon SE (ETR:SGL - ) rose 2.3% on Wednesday . The stock traded as high as €3.31 ($3.89) and last traded at €3.29 ($3.86). Approximately 125,877 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 248,478 shares. The stock had previously closed at €3.21 ($3.78).

SGL Carbon Stock Up 2.3%

The firm has a 50 day simple moving average of €3.48 and a two-hundred day simple moving average of €3.61. The company has a market capitalization of $413.12 million, a PE ratio of 5.59, a P/E/G ratio of -0.38 and a beta of 1.36. The company has a current ratio of 2.72, a quick ratio of 1.28 and a debt-to-equity ratio of 44.05.

About SGL Carbon

SGL Carbon SE, together with its subsidiaries, engages in the manufacture and sale of special graphite, carbon fibers, and composite products in Germany, rest of Europe, the United States, China, rest of Asia, and internationally. The company operates in four segments: Graphite Solutions, Process Technology, Carbon Fibers, and Composite Solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.