ThyssenKrupp (OTCMKTS:TKAMY) Stock Rating Lowered by DZ Bank

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 report issued on Wednesday, July 30th,Zacks.com reports.

ThyssenKrupp Trading Up 1.5%

TKAMY traded up $0.17 during midday trading on Wednesday, reaching $10.95. 13,296 shares of the company were exchanged, compared to its average volume of 109,501. The stock has a market capitalization of $6.82 billion, a P/E ratio of -6.08 and a beta of 1.26. ThyssenKrupp has a one year low of $3.08 and a one year high of $13.29. The stock's 50-day simple moving average is $11.10 and its 200 day simple moving average is $9.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.10 and a current ratio of 1.76.

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

ThyssenKrupp Company Profile

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.