Salzgitter (ETR:SZG) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Salzgitter crossed above its 200-day moving average, trading as high as €48.04 versus a 200-day MA of €41.14 and was up about 2.4% on the session with ~159,783 shares changing hands.
• Fundamentally, the company is currently unprofitable with a negative P/E (-13.70), market capitalization of $2.64 billion, a PEG of -0.09 and a relatively high debt-to-equity ratio of 50.19.
• Salzgitter is a global steel and technology group operating across Steel Production, Steel Processing, Trading and Technology segments.

Salzgitter AG (ETR:SZG - ) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €41.14 and traded as high as €48.04. Salzgitter shares last traded at €48.04, with a volume of 159,783 shares traded.

Salzgitter Trading Up 2.4%

The business's 50-day moving average price is €45.39 and its two-hundred day moving average price is €41.14. The company has a market capitalization of $2.64 billion, a P/E ratio of -13.70, a PEG ratio of -0.09 and a beta of 1.61. The company has a debt-to-equity ratio of 50.19, a current ratio of 2.17 and a quick ratio of 0.89.

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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