Shares of Salzgitter AG (ETR:SZG – Get Free Report) crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of €52.00 and traded as low as €48.02. Salzgitter shares last traded at €48.38, with a volume of 145,402 shares.
Salzgitter Price Performance
The firm has a market capitalization of $2.65 billion, a PE ratio of -13.76, a price-to-earnings-growth ratio of -0.09 and a beta of 2.20. The company has a debt-to-equity ratio of 51.46, a quick ratio of 0.89 and a current ratio of 1.74. The business’s 50 day moving average is €52.54 and its two-hundred day moving average is €51.97.
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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