Salzgitter (ETR:SZG) Stock Price Passes Above 200 Day Moving Average – What’s Next?
by Michael Walen · The Markets DailySalzgitter AG (ETR:SZG – Get Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €46.88 and traded as high as €56.00. Salzgitter shares last traded at €55.80, with a volume of 104,528 shares.
Salzgitter Trading Up 5.5%
The company has a current ratio of 1.74, a quick ratio of 0.89 and a debt-to-equity ratio of 50.68. The stock has a 50 day simple moving average of €52.31 and a 200-day simple moving average of €46.88. The firm has a market cap of $3.23 billion, a P/E ratio of -16.79, a P/E/G ratio of -0.09 and a beta of 2.12.
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.