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ThyssenKrupp (OTCMKTS:TYEKF) Reaches New 52-Week High - Here's Why

ThyssenKrupp logo with Basic Materials background

Key Points

  • ThyssenKrupp AG stock reached a new 52-week high of $14.50, representing a 9.3% increase from its previous closing price of $13.50.
  • In its latest earnings release, the company reported an EPS of $0.28, exceeding analysts' estimates, and achieved revenue of $9.73 billion, significantly higher than the forecasted $8.62 billion.
  • ThyssenKrupp operates across five segments including Automotive Technology and Decarbon Technologies, focusing on various industrial and technology solutions.
  • Interested in ThyssenKrupp? Here are five stocks we like better.

ThyssenKrupp AG (OTCMKTS:TYEKF - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $14.50 and last traded at $14.50, with a volume of 850 shares traded. The stock had previously closed at $13.50.

ThyssenKrupp Stock Up 9.3%

The business has a 50 day moving average of $11.72 and a 200-day moving average of $10.98. The stock has a market cap of $9.19 billion, a PE ratio of -10.39 and a beta of 1.12. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05.

ThyssenKrupp (OTCMKTS:TYEKF - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.05. The firm had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $8.62 billion. ThyssenKrupp had a negative return on equity of 7.71% and a negative net margin of 2.34%.

About ThyssenKrupp

(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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