SAP (ETR:SAP) Stock Price Passes Above 200-Day Moving Average – Here’s Why

SAP SE (ETR:SAPGet Free Report)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of €187.03 ($203.29) and traded as high as €214.05 ($232.66). SAP shares last traded at €210.75 ($229.08), with a volume of 1,273,312 shares trading hands.

SAP Trading Up 2.1 %

The stock has a market capitalization of $251.84 billion, a PE ratio of 97.57, a price-to-earnings-growth ratio of 2.73 and a beta of 0.92. The company has a current ratio of 1.12, a quick ratio of 0.92 and a debt-to-equity ratio of 20.82. The firm has a 50-day moving average price of €200.77 and a 200-day moving average price of €187.03.

About SAP

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SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.

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