Salzgitter (ETR:SZG) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Salzgitter AG (ETR:SZG) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Salzgitter Stock Performance

The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -16.79, a price-to-earnings-growth ratio of -0.09 and a beta of 2.12. The company’s 50-day simple moving average is €52.31 and its 200-day simple moving average is €46.88. The company has a quick ratio of 0.89, a current ratio of 1.74 and a debt-to-equity ratio of 50.68.

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.