ThyssenKrupp (OTCMKTS:TYEKF) Stock Price Up 9.1% - Time to Buy?

Key Points

• ThyssenKrupp AG shares rose 9.1% during trading, reaching $12.00, with volume significantly lower at approximately 100 shares compared to an average of 16,547 shares.
• The company reported a quarterly earnings per share (EPS) of $0.28, exceeding analysts' expectations by $0.05, with revenue of $9.73 billion compared to forecasts of $8.62 billion.
• ThyssenKrupp has a market cap of $7.45 billion and significant proportions of negative financial metrics, including a net margin of -2.34% and a return on equity of -7.71%.

Shares of ThyssenKrupp AG (OTCMKTS:TYEKF - Get Free Report) rose 9.1% during trading on Tuesday . The company traded as high as $12.00 and last traded at $12.00. Approximately 100 shares changed hands during trading, a decline of 99% from the average daily volume of 16,547 shares. The stock had previously closed at $11.00.

ThyssenKrupp Stock Up 8.7%

The firm has a market cap of $7.45 billion, a P/E ratio of -8.42 and a beta of 1.12. The stock's 50 day simple moving average is $11.33 and its 200 day simple moving average is $10.52. 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 announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.05. The business had revenue of $9.73 billion during 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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