DZ Bank Downgrades ThyssenKrupp (OTCMKTS:TKAMY) to Strong Sell

Key Points

• DZ Bank has downgraded ThyssenKrupp from a "hold" rating to a "strong sell" rating, reflecting concerns over the company's performance and future outlook.
• In its latest quarterly earnings, ThyssenKrupp reported earnings per share of $0.26, missing analyst expectations, and showed a negative return on equity of 9.70%.
• The company's stock performance has been volatile, with a twelve-month low of $3.08 and a high of $13.29, indicating instability in investor confidence.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) was downgraded by investment analysts at DZ Bank from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

ThyssenKrupp Price Performance

Shares of TKAMY stock opened at $11.41 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.76 and a debt-to-equity ratio of 0.05. ThyssenKrupp has a twelve month low of $3.08 and a twelve month high of $13.29. The company has a market cap of $7.10 billion, a P/E ratio of -6.34 and a beta of 1.26. The business has a fifty day simple moving average of $11.04 and a 200 day simple moving average of $9.39.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). ThyssenKrupp had a negative return on equity of 9.70% and a negative net margin of 3.04%. The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.55 billion.

About ThyssenKrupp

thyssenkrupp AG operates as an industrial and technology company in Germany and internationally. It operates through five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. The Automotive Technology segment offers components, systems, and automation solutions for vehicle manufacturing, such as axle assembly, body in white, camshafts and electric engine components, dampers, dies, springs and stabilizers, crankshafts and conrods, steering, and undercarriages.

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