Salzgitter (ETR:SZG) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Salzgitter AG (ETR:SZGGet Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of €26.61 and traded as high as €40.62. Salzgitter shares last traded at €39.76, with a volume of 99,059 shares changing hands.

Salzgitter Stock Performance

The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of -11.29, a P/E/G ratio of -0.09 and a beta of 2.01. The company has a 50 day moving average price of €32.63 and a 200 day moving average price of €26.70.

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

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