Salzgitter (ETR:SZG) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Salzgitter AG (ETR:SZGGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of €23.25 ($27.03) and traded as high as €29.56 ($34.37). Salzgitter shares last traded at €28.52 ($33.16), with a volume of 260,223 shares trading hands.

Salzgitter Trading Up 1.9%

The firm has a market capitalization of $1.60 billion, a P/E ratio of -8.29, a price-to-earnings-growth ratio of -0.09 and a beta of 2.01. The business’s 50 day simple moving average is €25.36 and its two-hundred day simple moving average is €23.25.

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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