ThyssenKrupp (OTCMKTS:TKAMY) Raised to “Hold” at DZ Bank

ThyssenKrupp (OTCMKTS:TKAMY) was upgraded by analysts at DZ Bank from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

ThyssenKrupp Stock Down 1.0%

ThyssenKrupp stock opened at $13.40 on Tuesday. The firm has a market capitalization of $8.34 billion, a P/E ratio of -9.44 and a beta of 1.32. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 0.06. ThyssenKrupp has a twelve month low of $3.35 and a twelve month high of $13.72. The stock’s fifty day simple moving average is $11.63 and its 200-day simple moving average is $10.76.

ThyssenKrupp (OTCMKTS:TKAMY) last released 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 return on equity of 7.90% and a negative net margin of 2.40%.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.