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

Salzgitter AG (ETR:SZGGet Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of €18.55 ($21.08) and traded as high as €22.30 ($25.34). Salzgitter shares last traded at €21.06 ($23.93), with a volume of 64,370 shares changing hands.

Salzgitter Stock Up 2.3 %

The stock has a fifty day simple moving average of €22.75 and a 200-day simple moving average of €18.55. The stock has a market cap of $1.18 billion, a P/E ratio of -6.14, 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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