Shares of Salzgitter AG (ETR:SZG – Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of €50.89 and traded as high as €56.50. Salzgitter shares last traded at €55.65, with a volume of 168,291 shares changing hands.
Salzgitter Stock Up 5.8%
The firm’s 50-day moving average price is €52.42 and its 200 day moving average price is €50.93. The company has a current ratio of 1.74, a quick ratio of 0.89 and a debt-to-equity ratio of 51.46. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of -17.22, a PEG ratio of -0.09 and a beta of 2.18.
Salzgitter Company Profile
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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