Salzgitter (ETR:SZG) Stock Passes Above 200 Day Moving Average of $32.90

Salzgitter AG (ETR:SZG – Get Rating) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of €32.90 ($36.15) and traded as high as €35.48 ($38.99). Salzgitter shares last traded at €35.48 ($38.99), with a volume of 73,117 shares traded.

Analyst Upgrades and Downgrades

SZG has been the subject of several recent research reports. JPMorgan Chase & Co. set a €21.20 ($23.30) price target on Salzgitter in a research report on Monday, March 27th. Deutsche Bank Aktiengesellschaft set a €38.00 ($41.76) price objective on shares of Salzgitter in a research note on Tuesday, March 28th. Morgan Stanley set a €34.60 ($38.02) price objective on shares of Salzgitter in a research note on Thursday, March 30th. Baader Bank set a €45.00 ($49.45) price objective on shares of Salzgitter in a research note on Monday, March 27th. Finally, UBS Group set a €34.00 ($37.36) price objective on shares of Salzgitter in a research note on Tuesday, March 28th.

Salzgitter Stock Performance

The company has a market cap of $1.76 billion, a price-to-earnings ratio of 1.77, a P/E/G ratio of -0.09 and a beta of 2.18. The company has a current ratio of 1.86, a quick ratio of 0.89 and a debt-to-equity ratio of 35.02. The stock’s fifty day simple moving average is €36.11 and its 200 day simple moving average is €32.90.

About Salzgitter

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Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures branded and special steels, such as hot-rolled strip steel and steel sheets, sections, tailored blanks, and components for the construction industry.