Salzgitter (ETR:SZG) Stock Crosses Above 200-Day Moving Average – What’s Next?

Salzgitter AG (ETR:SZGGet Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of €31.48 and traded as high as €46.20. Salzgitter shares last traded at €45.80, with a volume of 114,832 shares traded.

Salzgitter Price Performance

The company has a market cap of $2.62 billion, a PE ratio of -13.61, a PEG ratio of -0.09 and a beta of 2.01. The stock’s 50-day moving average is €42.20 and its 200 day moving average is €31.48.

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. The Steel Processing segment produces various high-grade heavy plates; and manufactures line pipes, HFI-welded tubes, and precision and stainless-steel tubes.

Further Reading

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