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

Salzgitter AG (ETR:SZGGet Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of €15.95 ($16.61) and traded as high as €18.35 ($19.11). Salzgitter shares last traded at €17.77 ($18.51), with a volume of 178,826 shares.

Salzgitter Price Performance

The company has a debt-to-equity ratio of 23.89, a quick ratio of 0.89 and a current ratio of 1.73. The firm has a market capitalization of $956.31 million, a P/E ratio of 44.20, a price-to-earnings-growth ratio of -0.09 and a beta of 2.01. The company has a 50-day moving average price of €16.43 and a 200-day moving average price of €15.95.

About Salzgitter

(Get Free Report)

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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