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

Salzgitter AG (ETR:SZGGet Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of €15.93 ($16.42) and traded as high as €17.98 ($18.54). Salzgitter shares last traded at €17.95 ($18.51), with a volume of 65,305 shares trading hands.

Salzgitter Stock Performance

The stock has a 50 day moving average of €16.51 and a two-hundred day moving average of €15.93. The company has a debt-to-equity ratio of 23.89, a current ratio of 1.73 and a quick ratio of 0.89. The stock has a market capitalization of $1.01 billion, a PE ratio of 46.75, a P/E/G ratio of -0.09 and a beta of 2.01.

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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