ThyssenKrupp (OTCMKTS:TYEKF) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• ThyssenKrupp AG experienced unusually high trading volume, with approximately 11,100 shares traded, a decrease of 31% from the prior session.
• The company's stock price rose by 3.8% to close at $13.23, up from a previous close of $12.75.
• ThyssenKrupp reported a revenue of $9.73 billion for the last quarter, exceeding analyst expectations of $8.62 billion, and earnings per share of $0.28, surpassing estimates by $0.05.

Shares of ThyssenKrupp AG (OTCMKTS:TYEKF - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 11,100 shares changed hands during mid-day trading, a decline of 31% from the previous session's volume of 16,076 shares.The stock last traded at $13.23 and had previously closed at $12.75.

ThyssenKrupp Stock Up 3.8%

The business has a 50-day simple moving average of $11.49 and a two-hundred day simple moving average of $10.67. The stock has a market capitalization of $8.24 billion, a P/E ratio of -9.32 and a beta of 1.12. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 0.05.

ThyssenKrupp (OTCMKTS:TYEKF - Get Free Report) last announced 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 return on equity of 7.71% and a negative net margin of 2.34%.The firm had revenue of $9.73 billion for the quarter, compared to analysts' expectations of $8.62 billion.

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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