Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.37 and traded as low as $10.36. ThyssenKrupp shares last traded at $10.39, with a volume of 16,523 shares trading hands.
Wall Street Analyst Weigh In
Separately, DZ Bank downgraded shares of ThyssenKrupp from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".
View Our Latest Stock Analysis on TKAMY
ThyssenKrupp Trading Up 0.9%
The business's 50 day moving average price is $11.39 and its two-hundred day moving average price is $10.38. The company has a current ratio of 1.76, a quick ratio of 1.10 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of -7.50 and a beta of 1.32.
ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last posted 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 company had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $8.62 billion.
About ThyssenKrupp
(
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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.
Further Reading
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