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

Salzgitter AG (ETR:SZG)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of €43.09 and traded as high as €56.35. Salzgitter shares last traded at €55.50, with a volume of 239,836 shares traded.

Salzgitter Price Performance

The company has a 50 day moving average price of €45.18 and a 200 day moving average price of €43.09. The firm has a market cap of $2.98 billion, a PE ratio of -15.49, a price-to-earnings-growth ratio of -0.09 and a beta of 1.61. The company has a current ratio of 1.74, a quick ratio of 0.89 and a debt-to-equity ratio of 50.68.

Salzgitter Company Profile

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.