SGL Carbon (OTCMKTS:SGLFF) Shares Up 0.8% – Still a Buy?

Shares of SGL Carbon SE (OTCMKTS:SGLFF) shot up 0.8% during trading on Wednesday. The company traded as high as $6.14 and last traded at $6.14. Approximately 100 shares were traded during trading, a decline of 92% from the average daily volume of 1,293 shares. The stock had previously closed at $6.09.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SGLFF shares. Jefferies Financial Group restated a “hold” rating on shares of SGL Carbon in a report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SGL Carbon in a report on Friday, August 7th. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

SGL Carbon Stock Performance

The business has a fifty day simple moving average of $5.05 and a 200 day simple moving average of $4.98.

SGL Carbon Company Profile

SGL Carbon SE is a Germany-based manufacturer of carbon-based materials and products. The company develops and produces graphite, carbon fibers, composite materials and expanded graphite for applications that require high temperature resistance, electrical conductivity, light weight or chemical durability.

Its products are used in a range of industries, including semiconductor and solar manufacturing, battery technology, chemicals, industrial equipment, automotive, aerospace, wind energy and other mobility applications.