ThyssenKrupp (OTCMKTS:TYEKF) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

ThyssenKrupp AG (OTCMKTS:TYEKF)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.28 and traded as high as $15.00. ThyssenKrupp shares last traded at $15.00, with a volume of 350 shares traded.

ThyssenKrupp Stock Performance

The company’s 50-day moving average price is $12.28 and its 200 day moving average price is $11.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.73. The stock has a market capitalization of $9.77 billion, a PE ratio of -10.56 and a beta of 1.05.

ThyssenKrupp (OTCMKTS:TYEKF) last posted its earnings results on Wednesday, August 13th. The company reported $0.28 EPS for the quarter, topping the consensus estimate 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.

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.