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Salzgitter (OTCMKTS:SZGPY) Share Price Crosses Below 200 Day Moving Average - Should You Sell?

Salzgitter logo with Basic Materials background

Salzgitter AG (OTCMKTS:SZGPY - Get Free Report)'s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.93 and traded as low as $1.51. Salzgitter shares last traded at $1.91, with a volume of 63,233 shares trading hands.

Salzgitter Stock Up 8.9 %

The stock's fifty day simple moving average is $1.65 and its 200-day simple moving average is $1.93.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last issued its earnings results on Monday, August 12th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $2.76 billion during the quarter. Salzgitter had a negative return on equity of 0.22% and a negative net margin of 0.10%. As a group, sell-side analysts expect that Salzgitter AG will post 0.04 EPS for the current year.

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.

Further Reading

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