XTRA:SGLElectrical
SGL Carbon (XTRA:SGL) Stock Turns Profitable But Revenue Recovery Remains Elusive
SGL Carbon went into this earnings day with a stock that has quietly climbed 14.1% over the past week and 8.8% over the past month, despite a weak 3 month patch. The market has been treating it as a cheap turnaround story, trading near €4.28 with a low price to sales multiple and a discounted cash flow value pointing higher.
Today’s Q2 numbers keep that turnaround story in focus. Revenue stands at €209.7m and basic earnings per share sit at €0.05. The headline is simple: profit is back on a...