SAP (ETR:SAP) Shares Pass Below 200-Day Moving Average – Here’s What Happened

SAP SE (ETR:SAPGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of €175.68 and traded as low as €155.46. SAP shares last traded at €155.94, with a volume of 2,461,621 shares changing hands.

SAP Stock Up 5.5%

The company has a market capitalization of $189.75 billion, a P/E ratio of 61.54, a PEG ratio of 2.73 and a beta of 0.71. The stock has a fifty day simple moving average of €148.53 and a 200-day simple moving average of €175.68.

About SAP

(Get Free Report)

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.

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