ThyssenKrupp (OTCMKTS:TYEKF) Stock Passes Below 200-Day Moving Average – What’s Next?

ThyssenKrupp AG (OTCMKTS:TYEKF) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.39 and traded as low as $10.85. ThyssenKrupp shares last traded at $11.21, with a volume of 1,656 shares trading hands.

ThyssenKrupp Trading Up 4.4%

The stock has a market capitalization of $6.69 billion, a PE ratio of -7.89 and a beta of 1.05. 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 business’s 50-day moving average is $12.51 and its two-hundred day moving average is $11.39.

ThyssenKrupp (OTCMKTS:TYEKF) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.28 earnings per share for the quarter, beating 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 7.71%. The firm had revenue of $9.73 billion during the quarter, compared to analysts’ expectations 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.