ThyssenKrupp (OTCMKTS:TYEKF) Shares Gap Down - Time to Sell?

Key Points

• ThyssenKrupp AG shares experienced a significant decline, opening at $10.14 compared to a previous close of $11.00.
• The company reported a negative return on equity of 9.52% and a negative net margin of 2.98% for the most recent quarter.
• ThyssenKrupp has a market cap of $6.54 billion and a price-to-earnings ratio of -5.83, indicating potential concerns about profitability.

ThyssenKrupp AG (OTCMKTS:TYEKF - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $11.00, but opened at $10.14. ThyssenKrupp shares last traded at $10.50, with a volume of 1,145 shares changing hands.

ThyssenKrupp Price Performance

The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of -7.35 and a beta of 1.05. The stock has a fifty day simple moving average of $11.23 and a 200-day simple moving average of $9.95. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.76 and a quick ratio of 1.10.

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 the consensus estimate of $0.23 by $0.05. The firm had revenue of $9.73 billion during the quarter, compared to analyst estimates of $8.62 billion. ThyssenKrupp had a negative return on equity of 7.72% and a negative net margin of 2.34%.

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.