SGL Carbon (ETR:SGL) Stock Price Down 1.6%

SGL Carbon SE (ETR:SGL)’s share price was down 1.6% on Wednesday . The company traded as low as €3.24 ($3.64) and last traded at €3.28 ($3.69), approximately 112,516 shares changed hands during mid-day trading. A decline of 55% from the average daily volume of 248,478 shares. The stock had previously closed at €3.34 ($3.75).

A number of research analysts recently weighed in on SGL shares. Kepler Capital Markets set a €2.30 ($2.58) target price on shares of SGL Carbon and gave the company a “sell” rating in a research report on Tuesday, May 26th. HSBC set a €3.50 ($3.93) price objective on shares of SGL Carbon and gave the company a “buy” rating in a research report on Tuesday, March 17th. Finally, Baader Bank set a €3.00 ($3.37) price objective on shares of SGL Carbon and gave the company a “sell” rating in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of €3.50 ($3.93).

The business’s 50-day moving average price is €3.11 and its 200 day moving average price is €3.44. The company has a market cap of $409.61 million and a P/E ratio of -3.71. The company has a debt-to-equity ratio of 98.66, a quick ratio of 1.43 and a current ratio of 2.58.

About SGL Carbon (ETR:SGL)

SGL Carbon SE manufactures and sells carbon and graphite products in Europe, Asia, Africa, Australia, and Latin and North America. The company operates in two business units, Composites-Fibers & Materials; and Graphite Materials & Systems. It provides process solutions for chemical and related industries; and equipment solutions, such as heat exchangers, quenchers, pumps, rupture disks, piping products, expansion joints/bellows, dip and intel pipes, liners and lining services, and other components, as well as columns, reactors, and vessels.

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