Salzgitter (ETR:SZG) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Salzgitter AG (ETR:SZGGet Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of €16.01 ($16.85) and traded as high as €19.07 ($20.07). Salzgitter shares last traded at €18.88 ($19.87), with a volume of 95,144 shares trading hands.

Salzgitter Stock Down 0.4 %

The stock has a market cap of $1.03 billion, a P/E ratio of -5.36, a price-to-earnings-growth ratio of -0.09 and a beta of 2.01. The firm’s 50-day moving average is €16.72 and its two-hundred day moving average is €16.01.

About Salzgitter

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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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