Salzgitter AG (ETR:SZG – Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of €51.54 and traded as low as €47.44. Salzgitter shares last traded at €48.34, with a volume of 78,993 shares.
Salzgitter Trading Down 3.4%
The business has a 50 day moving average of €53.20 and a two-hundred day moving average of €51.61. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of -12.56, a P/E/G ratio of -0.09 and a beta of 2.20. The company has a debt-to-equity ratio of 51.46, a quick ratio of 0.89 and a current ratio of 1.74.
About Salzgitter
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. The Steel Processing segment produces various high-grade heavy plates; and manufactures line pipes, HFI-welded tubes, and precision and stainless-steel tubes.
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