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ThyssenKrupp (OTCMKTS:TYEKF) Stock Passes Below 200-Day Moving Average - What's Next?

ThyssenKrupp logo with Basic Materials background

Key Points

  • ThyssenKrupp AG shares have fallen below their 200-day moving average, currently trading at $11.21 after reaching a low of $10.85.
  • The company reported $0.28 earnings per share for the quarter, exceeding expectations of $0.23, with revenues of $9.73 billion surpassing the forecast of $8.62 billion.
  • ThyssenKrupp has a market capitalization of $6.69 billion and a negative net margin of 2.34%, indicating ongoing challenges despite recent revenue growth.
  • MarketBeat previews top five stocks to own in November.

ThyssenKrupp AG (OTCMKTS:TYEKF - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.39 and traded as low as $10.85. ThyssenKrupp shares last traded at $11.21, with a volume of 1,656 shares traded.

ThyssenKrupp Trading Up 4.4%

The firm has a market capitalization of $6.69 billion, a PE ratio of -7.89 and a beta of 1.05. The company's 50-day moving average price is $12.51 and its 200-day moving average price is $11.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.73.

ThyssenKrupp (OTCMKTS:TYEKF - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.28 earnings per share (EPS) for the quarter, topping 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.

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