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.
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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