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thyssenkrupp (OTCMKTS:TKAMY) Share Price Passes Below 50 Day Moving Average - Here's Why

thyssenkrupp logo with Basic Materials background

Shares of thyssenkrupp AG (OTCMKTS:TKAMY - Get Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.42 and traded as low as $9.68. thyssenkrupp shares last traded at $9.81, with a volume of 38,928 shares traded.

Analyst Ratings Changes

TKAMY has been the topic of a number of analyst reports. The Goldman Sachs Group cut thyssenkrupp from a "hold" rating to a "strong sell" rating in a research report on Thursday, January 30th. Kepler Capital Markets raised shares of thyssenkrupp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st.

Get Our Latest Analysis on TKAMY

thyssenkrupp Stock Performance

The company has a current ratio of 1.76, a quick ratio of 1.15 and a debt-to-equity ratio of 0.06. The company has a market cap of $5.94 billion, a PE ratio of -4.34 and a beta of 1.32. The business's 50 day moving average is $10.40 and its two-hundred day moving average is $7.19.

thyssenkrupp (OTCMKTS:TKAMY - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.02). The company had revenue of $9.62 billion during the quarter, compared to analysts' expectations of $8.55 billion. thyssenkrupp had a negative return on equity of 11.24% and a negative net margin of 3.63%.

thyssenkrupp Company Profile

(Get Free Report)

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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