Salzgitter (ETR:SZG) Stock Passes Below 200-Day Moving Average – Here’s Why

Shares of Salzgitter AG (ETR:SZGGet Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of €38.34 and traded as low as €35.14. Salzgitter shares last traded at €35.14, with a volume of 156,043 shares trading hands.

Salzgitter Trading Down 3.0%

The company’s 50 day moving average price is €47.45 and its two-hundred day moving average price is €38.34. The firm has a market cap of $1.87 billion, a PE ratio of -9.73, a P/E/G ratio of -0.09 and a beta of 1.61. The company has a quick ratio of 0.89, a current ratio of 2.17 and a debt-to-equity ratio of 50.19.

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.

Read More

Receive News & Ratings for Salzgitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salzgitter and related companies with MarketBeat.com's FREE daily email newsletter.