Salzgitter (ETR:SZG) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Salzgitter AG (ETR:SZGGet Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of €17.89 ($19.66) and traded as high as €19.20 ($21.10). Salzgitter shares last traded at €18.76 ($20.62), with a volume of 269,871 shares changing hands.

Salzgitter Stock Performance

The stock has a 50-day simple moving average of €14.92 and a 200-day simple moving average of €17.86. The stock has a market cap of $1.03 billion, a PE ratio of 46.90, a P/E/G ratio of -0.09 and a beta of 2.01. The company has a debt-to-equity ratio of 23.89, a current ratio of 1.73 and a quick ratio of 0.89.

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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