Salzgitter (OTCMKTS:SZGPY) Hits New 1-Year High – Still a Buy?

Salzgitter AG (OTCMKTS:SZGPYGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $2.74 and last traded at $2.67, with a volume of 12753 shares traded. The stock had previously closed at $2.51.

Salzgitter Price Performance

The company’s 50 day moving average price is $1.82 and its 200 day moving average price is $1.74. The firm has a market cap of $1.39 billion, a PE ratio of -6.60 and a beta of 1.57.

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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