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ThyssenKrupp (OTCMKTS:TYEKF) Stock Price Crosses Above Fifty Day Moving Average - Time to Sell?

ThyssenKrupp logo with Basic Materials background

Key Points

  • ThyssenKrupp AG shares have crossed above their 50-day moving average, currently trading at $13.75, which may signal potential for investors to evaluate their holdings.
  • The company reported earnings of $0.28 per share for the last quarter, exceeding expectations, with revenues of $9.73 billion compared to the expected $8.62 billion.
  • ThyssenKrupp has a market capitalization of $8.56 billion and operates in various sectors including Automotive Technology and Steel Europe.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of ThyssenKrupp AG (OTCMKTS:TYEKF - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $11.60 and traded as high as $13.75. ThyssenKrupp shares last traded at $13.75, with a volume of 262 shares trading hands.

ThyssenKrupp Stock Performance

The stock has a market cap of $8.56 billion, a P/E ratio of -9.68 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. The business has a 50 day moving average price of $11.60 and a two-hundred day moving average price of $10.81.

ThyssenKrupp (OTCMKTS:TYEKF - Get Free Report) last posted its 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 company 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%.

ThyssenKrupp Company Profile

(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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