SGL Carbon (ETR:SGL) Stock Price Down 3.8% – Here’s Why

SGL Carbon SE (ETR:SGL) shares dropped 3.8% on Tuesday . The stock traded as low as €3.76 and last traded at €3.76. Approximately 157,566 shares traded hands during trading, a decline of 37% from the average session volume of 248,478 shares. The stock had previously closed at €3.91.

SGL Carbon Price Performance

The stock has a 50 day simple moving average of €4.53 and a two-hundred day simple moving average of €4.18. The firm has a market cap of $455.88 million, a PE ratio of 6.17, a price-to-earnings-growth ratio of -0.38 and a beta of 1.32. The company has a debt-to-equity ratio of 49.95, a quick ratio of 1.28 and a current ratio of 2.95.

About SGL Carbon

SGL Carbon SE, together with its subsidiaries, engages in the manufacture and sale of special graphite, carbon fibers, and composite products in Germany, rest of Europe, the United States, China, rest of Asia, and internationally. The company operates in four segments: Graphite Solutions, Process Technology, Carbon Fibers, and Composite Solutions. It offers products for automotive industries, including body and main parts; carbon-ceramic brake discs; body shell components; battery solutions; friction materials; chassis components; gas diffusion layers and bipolar plates; vanes and rotors; sealing materials; bearings and mechanical seals; commutator discs and carbon brushes; and temperature management materials, as well as other products.