ThyssenKrupp (OTCMKTS:TKAMY) Releases Earnings Results

Key Points

• ThyssenKrupp reported earnings of $0.28 per share for the quarter, but has a negative return on equity of -9.70% and a negative net margin of -3.04%.
• The stock traded down $0.08 to $11.29, with a market cap of $7.03 billion and a price-to-earnings ratio of -6.27.
• DZ Bank downgraded ThyssenKrupp from a "hold" rating to a "strong sell" rating on July 30th, indicating negative market sentiment.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) issued its earnings results on Wednesday. The company reported $0.28 earnings per share for the quarter, Zacks reports. ThyssenKrupp had a negative return on equity of 9.70% and a negative net margin of 3.04%.

ThyssenKrupp Price Performance

Shares of ThyssenKrupp stock traded down $0.08 during trading on Wednesday, hitting $11.29. 12,777 shares of the stock traded hands, compared to its average volume of 106,904. The firm's fifty day moving average is $11.25 and its 200-day moving average is $9.80. 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 52 week low of $3.08 and a 52 week high of $13.29. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of -6.27 and a beta of 1.26.

Analysts Set New Price Targets

Separately, DZ Bank downgraded ThyssenKrupp from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 30th.

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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