SGL Carbon (OTCMKTS:SGLFF) Shares Up 0.8% – Here’s What Happened

SGL Carbon SE (OTCMKTS:SGLFF)’s stock price rose 0.8% during mid-day trading on Wednesday. The stock traded as high as $6.14 and last traded at $6.14. 100 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 1,293 shares. The stock had previously closed at $6.09.

Analyst Upgrades and Downgrades

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

SGL Carbon Stock Up 0.8%

The firm has a fifty day moving average price of $5.02 and a 200 day moving average price of $4.97.

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.