SGL Carbon (OTCMKTS:SGLFF) Shares Climb 0.8% – Here’s What Happened

SGL Carbon SE (OTCMKTS:SGLFF) shot up 0.8% on Wednesday. The company traded as high as $6.14 and last traded at $6.14. 100 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 1,293 shares. The stock had previously closed at $6.09.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SGLFF shares. Jefferies Financial Group restated a “hold” rating on shares of SGL Carbon in a research report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SGL Carbon in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

SGL Carbon Stock Performance

The company has a 50 day moving average of $5.02 and a 200 day moving average of $4.97.

SGL Carbon Company Profile

SGL Carbon SE is a Germany-based manufacturer of carbon-based materials and products. The company develops and produces graphite, carbon fibers, composite materials and expanded graphite for applications that require high temperature resistance, electrical conductivity, light weight or chemical durability.

Its products are used in a range of industries, including semiconductor and solar manufacturing, battery technology, chemicals, industrial equipment, automotive, aerospace, wind energy and other mobility applications.