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SAP (ETR:SAP) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

SAP logo with Computer and Technology background

SAP SE (ETR:SAP - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of €252.88 ($297.51) and traded as high as €258.30 ($303.88). SAP shares last traded at €254.95 ($299.94), with a volume of 1,611,964 shares changing hands.

SAP Price Performance

The firm has a market cap of $297.60 billion, a price-to-earnings ratio of 96.52, a P/E/G ratio of 2.73 and a beta of 0.92. The business's 50-day simple moving average is €257.71 and its two-hundred day simple moving average is €253.22. The company has a current ratio of 1.12, a quick ratio of 0.92 and a debt-to-equity ratio of 25.19.

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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