Salzgitter (ETR:SZG) Share Price Passes Above 200-Day Moving Average – Here’s Why

Salzgitter AG (ETR:SZGGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of €16.25 ($16.75) and traded as high as €16.36 ($16.87). Salzgitter shares last traded at €16.10 ($16.60), with a volume of 63,319 shares traded.

Salzgitter Trading Down 1.4 %

The firm has a market cap of $858.41 million, a price-to-earnings ratio of 39.68, a PEG ratio of -0.09 and a beta of 2.01. The business has a fifty day moving average of €16.57 and a two-hundred day moving average of €16.25. The company has a debt-to-equity ratio of 23.89, a quick ratio of 0.89 and a current ratio of 1.73.

About Salzgitter

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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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