Salzgitter (ETR:SZG) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Salzgitter AG (ETR:SZGGet Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €16.25 ($16.75) and traded as high as €16.36 ($16.87). Salzgitter shares last traded at €16.10 ($16.60), with a volume of 63,319 shares.

Salzgitter Trading Down 1.4 %

The company has a market capitalization of $858.41 million, a price-to-earnings ratio of 39.68, a P/E/G ratio of -0.09 and a beta of 2.01. The company has a current ratio of 1.73, a quick ratio of 0.89 and a debt-to-equity ratio of 23.89. The business’s 50 day moving average price is €16.57 and its two-hundred day moving average price is €16.25.

Salzgitter Company Profile

(Get Free Report)

Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through four segments: Steel Production, Steel Processing, Trading, and Technology. The Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading.

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