ThyssenKrupp (OTCMKTS:TKAMY) Stock Crosses Below 50-Day Moving Average - Time to Sell?

Key Points

• ThyssenKrupp AG shares fell below their 50-day moving average of $11.40, trading as low as $10.81 before closing at $10.98.
• Analyst rating changes include a downgrade from DZ Bank from "hold" to "strong sell," contributing to an overall average rating of "Moderate Buy" for the stock.
• In its latest earnings report, ThyssenKrupp exceeded expectations with $0.28 EPS on revenues of $9.73 billion, demonstrating stronger performance than the anticipated $8.62 billion.

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.40 and traded as low as $10.81. ThyssenKrupp shares last traded at $10.98, with a volume of 7,353 shares.

Wall Street Analysts Forecast Growth

Separately, DZ Bank downgraded ThyssenKrupp from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

ThyssenKrupp Stock Up 2.2%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.09 and a current ratio of 1.73. The company has a market cap of $7.47 billion, a price-to-earnings ratio of -8.45 and a beta of 1.33. The stock's fifty day moving average is $11.48 and its two-hundred day moving average is $10.57.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.28 earnings per share for the quarter, topping 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 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.