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Salzgitter (ETR:SZG) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

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Salzgitter AG (ETR:SZG - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of €17.08 ($18.57) and traded as high as €28.18 ($30.63). Salzgitter shares last traded at €26.40 ($28.70), with a volume of 138,556 shares traded.

Salzgitter Stock Performance

The stock has a fifty day moving average price of €19.71 and a 200-day moving average price of €17.15. The firm has a market cap of $1.40 billion, a PE ratio of -7.26, a PEG ratio of -0.09 and a beta of 2.01.

Salzgitter Company Profile

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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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