HSBC Lowers SGL Carbon (OTCMKTS:SGLFF) to Hold

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HSBC downgraded shares of SGL Carbon (OTCMKTS:SGLFF) from a buy rating to a hold rating in a research note issued to investors on Monday, The Fly reports.

Separately, Deutsche Bank reissued a hold rating on shares of SGL Carbon in a report on Friday, August 14th.

SGL Carbon stock opened at $4.50 on Monday. SGL Carbon has a fifty-two week low of $2.46 and a fifty-two week high of $6.25. The stock’s fifty day moving average is $4.02 and its two-hundred day moving average is $3.53.

SGL Carbon Company Profile

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.

Further Reading: Holder of Record

The Fly

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