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ThyssenKrupp (OTCMKTS:TYEKF) Stock Crosses Above Fifty Day Moving Average - Here's What Happened

ThyssenKrupp logo with Basic Materials background

Key Points

  • ThyssenKrupp AG's stock has crossed above its 50-day moving average of $12.28, reaching a high of $15.00 during trading.
  • The company reported a quarterly earnings per share of $0.28, exceeding expectations, with revenue of $9.73 billion compared to an anticipated $8.62 billion.
  • ThyssenKrupp's market capitalization stands at $9.77 billion, indicating a significant presence in the industrial and technology sectors.
  • Interested in ThyssenKrupp? Here are five stocks we like better.

ThyssenKrupp AG (OTCMKTS:TYEKF - Get Free Report) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.28 and traded as high as $15.00. ThyssenKrupp shares last traded at $15.00, with a volume of 350 shares changing hands.

ThyssenKrupp Stock Down 4.5%

The firm has a market cap of $9.77 billion, a PE ratio of -10.56 and a beta of 1.05. 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's 50-day simple moving average is $12.28 and its two-hundred day simple moving average is $11.29.

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 business had revenue of $9.73 billion during the quarter, compared to analysts' expectations 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.

Further Reading

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