Salzgitter (ETR:SZG) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Salzgitter AG (ETR:SZGGet Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €49.78 and traded as high as €54.00. Salzgitter shares last traded at €52.15, with a volume of 105,935 shares trading hands.

Salzgitter Stock Up 5.6%

The company has a quick ratio of 0.89, a current ratio of 1.74 and a debt-to-equity ratio of 50.68. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of -15.70, a P/E/G ratio of -0.09 and a beta of 2.18. The stock has a 50 day moving average of €54.68 and a 200 day moving average of €49.78.

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. 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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