Salzgitter (ETR:SZG) Stock Passes Above 200-Day Moving Average – Time to Sell?

Salzgitter AG (ETR:SZG)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of €15.93 ($16.59) and traded as high as €17.98 ($18.73). Salzgitter shares last traded at €17.95 ($18.70), with a volume of 65,305 shares trading hands.

Salzgitter Stock Up 5.7 %

The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 47.43, a price-to-earnings-growth ratio of -0.09 and a beta of 2.01. The company has a quick ratio of 0.89, a current ratio of 1.73 and a debt-to-equity ratio of 23.89. The firm has a 50-day moving average of €16.51 and a two-hundred day moving average of €15.93.

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.