ThyssenKrupp (OTCMKTS:TYEKF) Shares Gap Up - Here's Why

Key Points

• ThyssenKrupp's share price opened at $10.44 after previously closing at $10.00, with a trading volume of 325 shares.
• The company reported quarterly earnings of $0.28 per share, surpassing the consensus estimate, and revenue of $9.73 billion, exceeding expectations by over $1 billion.
• ThyssenKrupp has a market cap of $6.50 billion and operates through five business segments, including Automotive Technology and Steel Europe.

ThyssenKrupp AG (OTCMKTS:TYEKF - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $10.00, but opened at $10.44. ThyssenKrupp shares last traded at $10.44, with a volume of 325 shares changing hands.

ThyssenKrupp Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.76 and a quick ratio of 1.10. The business's fifty day simple moving average is $11.27 and its two-hundred day simple moving average is $10.07. The company has a market cap of $6.50 billion, a PE ratio of -7.35 and a beta of 1.05.

ThyssenKrupp (OTCMKTS:TYEKF - Get Free Report) last released its quarterly earnings data 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 net margin of 2.34% and a negative return on equity of 7.72%. The company had revenue of $9.73 billion during 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.