Shares of SALZGITTER AG/ADR (OTCMKTS:SZGPY) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.08 and traded as low as $1.90. SALZGITTER AG/ADR shares last traded at $1.90, with a volume of 120 shares trading hands.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered SALZGITTER AG/ADR from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. ValuEngine upgraded SALZGITTER AG/ADR from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.
The company has a fifty day simple moving average of $1.87 and a two-hundred day simple moving average of $2.08.
Salzgitter Aktiengesellschaft, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures branded and special steels, such as hot-rolled strip steel and steel sheets, sections, tailored blanks, and components for the construction industry.
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