ThyssenKrupp (OTCMKTS:TYEKF) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

ThyssenKrupp AG (OTCMKTS:TYEKF)’s stock price crossed 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 changing hands.

ThyssenKrupp Stock Performance

The stock has a market cap of $6.76 billion, a P/E ratio of -7.65 and a beta of 1.02. 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 firm’s fifty day simple moving average is $12.57 and its 200-day simple moving average is $11.44.

ThyssenKrupp (OTCMKTS:TYEKF) last announced its 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. The business had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $8.62 billion. ThyssenKrupp had a negative net margin of 2.34% and a negative return on equity of 7.71%.

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.