Salzgitter (ETR:SZG) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Salzgitter AG (ETR:SZGGet Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of €50.47 and traded as high as €54.45. Salzgitter shares last traded at €52.20, with a volume of 246,961 shares traded.

Salzgitter Trading Up 1.2%

The company has a 50 day moving average of €52.13 and a 200 day moving average of €50.50. 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 stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of -14.69, a P/E/G ratio of -0.09 and a beta of 2.18.

Salzgitter Company Profile

(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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