ThyssenKrupp (OTCMKTS:TYEKF) Stock Crosses Below 200-Day Moving Average – Here’s Why

ThyssenKrupp AG (OTCMKTS:TYEKF)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.44 and traded as low as $10.86. ThyssenKrupp shares last traded at $10.86, with a volume of 568 shares trading hands.

ThyssenKrupp Stock Performance

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 company has a market capitalization of $6.76 billion, a PE ratio of -7.65 and a beta of 1.03. The business has a 50 day simple moving average of $12.57 and a 200 day simple moving average of $11.44.

ThyssenKrupp (OTCMKTS:TYEKF) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. ThyssenKrupp had a negative return on equity of 7.71% and a negative net margin of 2.34%.The business had revenue of $9.73 billion for 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.