ThyssenKrupp (OTCMKTS:TYEKF) Trading Down 7.1% - Here's Why

Key Points

• ThyssenKrupp AG's share price fell 7.1% during mid-day trading, reaching a low of $9.73 from a previous close of $10.50.
• The company reported a quarterly earnings of $0.28 per share, exceeding analysts' expectations of $0.23, with a revenue of $9.73 billion.
• ThyssenKrupp has a market capitalization of $6.23 billion and a negative net margin of -2.34% for the quarter.

ThyssenKrupp AG (OTCMKTS:TYEKF - Get Free Report)'s share price fell 7.1% during mid-day trading on Friday . The stock traded as low as $9.73 and last traded at $9.75. 1,171 shares were traded during mid-day trading, a decline of 93% from the average session volume of 17,601 shares. The stock had previously closed at $10.50.

ThyssenKrupp Trading Down 4.8%

The stock's 50 day moving average price is $11.21 and its 200-day moving average price is $9.80. The company has a quick ratio of 1.10, a current ratio of 1.76 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $6.23 billion, a PE ratio of -7.04 and a beta of 1.05.

ThyssenKrupp (OTCMKTS:TYEKF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.05. ThyssenKrupp had a negative net margin of 2.34% and a negative return on equity of 7.72%. The firm had revenue of $9.73 billion during the quarter, compared to analysts' expectations of $8.62 billion.

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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