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SAP (ETR:SAP) Shares Pass Above 200 Day Moving Average - Here's What Happened

SAP logo with Computer and Technology background

SAP SE (ETR:SAP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of €244.69 ($274.93) and traded as high as €264.65 ($297.36). SAP shares last traded at €262.35 ($294.78), with a volume of 1,057,229 shares.

SAP Trading Down 0.8%

The company has a current ratio of 1.12, a quick ratio of 0.92 and a debt-to-equity ratio of 25.19. The stock has a 50 day simple moving average of €243.44 and a 200-day simple moving average of €244.69. The firm has a market cap of $297.60 billion, a P/E ratio of 96.52, a P/E/G ratio of 2.73 and a beta of 0.92.

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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