ThyssenKrupp (OTCMKTS:TKAMY) Shares Pass Above 50 Day Moving Average – Here’s Why

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $14.09 and traded as high as $14.94. ThyssenKrupp shares last traded at $14.9295, with a volume of 27,496 shares changing hands.

Analysts Set New Price Targets

Separately, DZ Bank raised ThyssenKrupp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, ThyssenKrupp currently has a consensus rating of “Hold”.

ThyssenKrupp Stock Performance

The firm’s 50-day moving average price is $14.09 and its two-hundred day moving average price is $12.01. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $9.29 billion, a PE ratio of -10.51 and a beta of 1.25.

ThyssenKrupp (OTCMKTS:TKAMY) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. ThyssenKrupp had a negative net margin of 2.40% and a negative return on equity of 7.90%. The firm had revenue of $9.73 billion during the quarter, compared to analyst estimates of $8.62 billion.

ThyssenKrupp Company Profile

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.