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Salzgitter (ETR:SZG) Stock Passes Above 200 Day Moving Average - Should You Sell?

Salzgitter logo with Basic Materials background

Salzgitter AG (ETR:SZG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of €17.49 ($19.01) and traded as high as €24.40 ($26.52). Salzgitter shares last traded at €23.90 ($25.98), with a volume of 79,630 shares traded.

Salzgitter Stock Performance

The business's 50-day moving average is €21.12 and its 200-day moving average is €17.70. The company has a market capitalization of $1.37 billion, a PE ratio of -7.13, a PEG 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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