Salzgitter (ETR:SZG) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Salzgitter AG (ETR:SZGGet Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of €16.60 ($18.04) and traded as high as €24.74 ($26.89). Salzgitter shares last traded at €23.68 ($25.74), with a volume of 119,205 shares changing hands.

Salzgitter Stock Performance

The firm has a 50 day simple moving average of €18.19 and a two-hundred day simple moving average of €16.60. The stock has a market cap of $1.32 billion, a P/E ratio of -6.85, a P/E/G ratio of -0.09 and a beta of 2.01.

About Salzgitter

(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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