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ThyssenKrupp (OTCMKTS:TYEKF) Share Price Passes Above 50-Day Moving Average - Should You Sell?

ThyssenKrupp logo with Basic Materials background

Key Points

  • ThyssenKrupp's share price has surpassed its 50-day moving average of $11.83, currently trading at $14.36, indicating positive market momentum.
  • The company reported earnings per share of $0.28 for the latest quarter, exceeding analyst expectations of $0.23, with revenue reaching $9.73 billion.
  • ThyssenKrupp's current market capitalization stands at $8.94 billion, with a PE ratio of -10.11 and a debt-to-equity ratio of 0.05, suggesting a strong balance sheet.
  • MarketBeat previews the top five stocks to own by November 1st.

ThyssenKrupp AG (OTCMKTS:TYEKF - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.83 and traded as high as $14.36. ThyssenKrupp shares last traded at $14.36, with a volume of 260 shares traded.

ThyssenKrupp Trading Up 2.6%

The stock has a fifty day moving average of $11.83 and a 200 day moving average of $11.09. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.73. The company has a market capitalization of $8.94 billion, a PE ratio of -10.11 and a beta of 1.05.

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

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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