ThyssenKrupp (OTCMKTS:TYEKF) Shares Gap Up - Should You Buy?

Key Points

• ThyssenKrupp AG shares experienced a significant increase, opening at $12.50 after a previous close of $11.90, representing a 5% rise.
• The company reported $0.28 earnings per share for the last quarter, surpassing analysts' expectations of $0.23, alongside revenue of $9.73 billion.
• Despite its positive earnings results, ThyssenKrupp has a negative return on equity of 7.71% and a negative net margin of 2.34%.

ThyssenKrupp AG (OTCMKTS:TYEKF - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $11.90, but opened at $12.50. ThyssenKrupp shares last traded at $12.50, with a volume of 250 shares traded.

ThyssenKrupp Stock Up 5.0%

The business has a 50-day moving average price of $11.46 and a 200-day moving average price of $10.64. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of -8.80 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 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 company had revenue of $9.73 billion for the quarter, compared to analyst estimates of $8.62 billion. ThyssenKrupp had a negative return on equity of 7.71% 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.

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