ThyssenKrupp (OTCMKTS:TKAMY) Hits New 12-Month High - Here's Why

Key Points

• ThyssenKrupp AG's stock reached a new 52-week high of $14.46, reflecting a significant increase from its previous close of $13.77, with a trading volume of 2,918 shares.
• Analysts have mixed ratings for ThyssenKrupp; DZ Bank upgraded the stock from a "strong sell" to a "hold," resulting in an average rating of "Hold" across analysts.
• In its latest quarterly earnings, ThyssenKrupp reported a revenue of $9.73 billion and earnings per share of $0.28, exceeding analyst expectations of $8.62 billion and $0.23, respectively.

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $14.46 and last traded at $14.43, with a volume of 2918 shares traded. The stock had previously closed at $13.77.

Analyst Ratings Changes

Separately, DZ Bank raised shares of ThyssenKrupp from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, ThyssenKrupp presently has an average rating of "Hold".

ThyssenKrupp Stock Up 4.6%

The company has a 50-day moving average of $11.77 and a 200-day moving average of $11.03. The company has a market capitalization of $8.97 billion, a price-to-earnings ratio of -10.14 and a beta of 1.33. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 0.06.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.05. ThyssenKrupp had a negative return on equity of 7.90% and a negative net margin of 2.40%.The business had revenue of $9.73 billion for the quarter, compared to analyst estimates of $8.62 billion.

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.

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