Shares of Salzgitter AG (ETR:SZG – Get Free Report) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of €50.65 and traded as high as €51.50. Salzgitter shares last traded at €51.10, with a volume of 146,035 shares trading hands.
Salzgitter Stock Performance
The stock has a 50 day moving average of €50.61 and a 200 day moving average of €50.65. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of -14.76, a price-to-earnings-growth ratio of -0.09 and a beta of 2.20. The company has a quick ratio of 0.89, a current ratio of 1.74 and a debt-to-equity ratio of 51.46.
About Salzgitter
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.
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