Salzgitter (ETR:SZG) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Salzgitter AG (ETR:SZGGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €35.07 and traded as high as €55.30. Salzgitter shares last traded at €54.40, with a volume of 120,976 shares trading hands.

Salzgitter Trading Up 0.3%

The stock has a market capitalization of $3.00 billion, a P/E ratio of -15.56, a price-to-earnings-growth ratio of -0.09 and a beta of 2.01. The business has a fifty day simple moving average of €47.54 and a 200 day simple moving average of €35.15.

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. The Steel Processing segment produces various high-grade heavy plates; and manufactures line pipes, HFI-welded tubes, and precision and stainless-steel tubes.

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