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

Salzgitter AG (ETR:SZGGet Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €29.47 and traded as high as €49.80. Salzgitter shares last traded at €46.88, with a volume of 145,501 shares traded.

Salzgitter Price Performance

The firm has a market cap of $2.55 billion, a price-to-earnings ratio of -13.27, a P/E/G ratio of -0.09 and a beta of 2.01. The firm’s fifty day moving average is €37.80 and its two-hundred day moving average is €29.53.

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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