ThyssenKrupp (OTCMKTS:TKAMY) Reaches New 12-Month High - What's Next?

Key Points

• ThyssenKrupp AG reached a new 52-week high of $13.58 during trading, closing at $13.55 with a total volume of 63,771 shares.
• Analyst ratings for ThyssenKrupp have shifted, with DZ Bank downgrading the stock from "hold" to "strong sell", resulting in a consensus rating of "hold" among analysts.
• In its recent earnings report, ThyssenKrupp posted earnings per share of $0.28, exceeding estimates, alongside a revenue of $9.73 billion, above the anticipated $8.62 billion.

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $13.58 and last traded at $13.55, with a volume of 63771 shares. The stock had previously closed at $12.85.

Wall Street Analyst Weigh In

Separately, DZ Bank lowered shares of ThyssenKrupp from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

ThyssenKrupp Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.73 and a quick ratio of 1.09. The stock has a market cap of $8.49 billion, a P/E ratio of -9.61 and a beta of 1.32. The company's 50 day simple moving average is $11.59 and its 200 day simple moving average is $10.72.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last announced its quarterly earnings results 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 net margin of 2.40% and a negative return on equity of 7.90%. The firm had revenue of $9.73 billion for the quarter, compared to analyst estimates of $8.62 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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