Salzgitter (ETR:SZG) Shares Cross Below 200 Day Moving Average – What’s Next?

Salzgitter AG (ETR:SZG) shares crossed 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 Stock Performance

The firm has a 50-day simple moving average of €47.01 and a two-hundred day simple moving average of €38.41. The company has a current ratio of 2.17, a quick ratio of 0.89 and a debt-to-equity ratio of 50.19. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of -10.41, a price-to-earnings-growth ratio of -0.09 and a beta of 1.61.

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.