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

Shares of Salzgitter AG (ETR:SZGGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of €24.40 and traded as high as €34.00. Salzgitter shares last traded at €33.98, with a volume of 506,481 shares traded.

Salzgitter Stock Performance

The stock has a market cap of $1.87 billion, a PE ratio of -9.69, a P/E/G ratio of -0.09 and a beta of 2.01. The business has a 50 day moving average price of €28.65 and a two-hundred day moving average price of €24.40.

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.

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