SAP SE (SAP) Shares Slide: European Tech Giant Closes Down Over 2.7%
FRANKFURT – Shares of European software powerhouse SAP SE (ETR: SAP) faced downward pressure on Wednesday, April 17th, closing the trading session lower on the Frankfurt Stock Exchange.
The stock finished the day at 226.00 EUR, representing a decline of €6.35, or 2.73%, compared to the previous day’s close of €232.35. The market data indicates the close occurred at 5:41 pm GMT+2.
SAP’s trading day began near the session highs, opening at 231.05 EUR and reaching a peak of 232.25 EUR early on. However, selling pressure emerged, particularly after midday, pushing the stock down to its session low of 225.80 EUR before settling at the closing price. The 1-day chart illustrates a clear downward trend throughout the latter half of the session.
Investors monitoring SAP are also taking note of its key financial metrics. The company’s market capitalization is listed as 28.44KCr on the data feed. SAP trades at a high Price-to-Earnings (P/E) ratio of 85.36, and offers a dividend yield of 1.04%.
Placing today’s performance in context, SAP shares remain significantly above their 52-week low. The stock’s 52-week high stands at 283.50 EUR, while the 52-week low is 163.82 EUR. Wednesday’s decline moves the price further away from its recent highs within this yearly range.
