Salzgitter (ETR:SZG) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of Salzgitter AG (ETR:SZGGet Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of €24.10 and traded as high as €29.16. Salzgitter shares last traded at €29.02, with a volume of 147,949 shares trading hands.

Salzgitter Stock Up 1.8%

The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -8.43, a price-to-earnings-growth ratio of -0.09 and a beta of 2.01. The firm has a 50-day moving average of €27.82 and a two-hundred day moving average of €24.10.

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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