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

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Salzgitter AG (ETR:SZG - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of €16.28 ($17.70) and traded as high as €21.50 ($23.37). Salzgitter shares last traded at €21.04 ($22.87), with a volume of 228,966 shares trading hands.

Salzgitter Stock Down 5.4 %

The stock has a market cap of $1.32 billion, a P/E ratio of -6.88, a PEG ratio of -0.09 and a beta of 2.01. The business has a 50 day moving average price of €17.68 and a 200 day moving average price of €16.41.

Salzgitter Company Profile

(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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