ThyssenKrupp (OTCMKTS:TYEKF) Stock Price Down 10.8% - What's Next?

Key Points

• ThyssenKrupp AG's stock price fell by 10.8% in mid-day trading, closing at $12.43 after reaching a low of $12.00 amid significantly reduced trading volume.
• Despite the stock decline, the company reported a better-than-expected quarterly earnings result with $0.28 EPS, surpassing the consensus estimate of $0.23.
• ThyssenKrupp's market capitalization is $8.68 billion, and it has a negative net margin of 2.34% along with a negative return on equity of 7.71%.

ThyssenKrupp AG (OTCMKTS:TYEKF - Get Free Report)'s stock price traded down 10.8% during mid-day trading on Monday . The stock traded as low as $12.00 and last traded at $12.43. 1,427 shares changed hands during trading, a decline of 90% from the average session volume of 14,690 shares. The stock had previously closed at $13.94.

ThyssenKrupp Price Performance

The stock has a market capitalization of $8.68 billion, a PE ratio of -8.45 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 fifty day simple moving average is $12.49 and its two-hundred day simple moving average is $11.37.

ThyssenKrupp (OTCMKTS:TYEKF - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05. The business had revenue of $9.73 billion for the quarter, compared to analyst estimates of $8.62 billion. ThyssenKrupp had a negative net margin of 2.34% and a negative return on equity of 7.71%.

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.

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