thyssenkrupp (OTCMKTS:TKAMY) Stock Price Crosses Below 50-Day Moving Average of $6.87

thyssenkrupp AG (OTCMKTS:TKAMYGet Rating)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.87 and traded as low as $5.90. thyssenkrupp shares last traded at $5.96, with a volume of 28,914 shares.

Analyst Upgrades and Downgrades

TKAMY has been the topic of several analyst reports. Credit Suisse Group raised their target price on thyssenkrupp from €16.50 ($17.01) to €17.60 ($18.14) and gave the stock an “outperform” rating in a report on Friday, May 13th. Morgan Stanley lowered their price target on thyssenkrupp from €8.80 ($9.07) to €8.20 ($8.45) and set an “equal weight” rating on the stock in a research note on Thursday, July 14th. DZ Bank lowered thyssenkrupp from a “buy” rating to a “hold” rating and set a €5.80 ($5.98) price target on the stock. in a research note on Wednesday, July 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on thyssenkrupp from €17.00 ($17.53) to €12.00 ($12.37) in a research note on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.90.

thyssenkrupp Price Performance

The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.71 billion, a PE ratio of 3.57 and a beta of 1.93. The stock has a 50-day simple moving average of $6.87 and a 200 day simple moving average of $8.35.

thyssenkrupp (OTCMKTS:TKAMYGet Rating) last issued its quarterly earnings data on Wednesday, May 11th. The company reported $1.02 earnings per share for the quarter. thyssenkrupp had a return on equity of 7.74% and a net margin of 2.38%. The business had revenue of $11.89 billion during the quarter, compared to analysts’ expectations of $10.05 billion. Equities analysts expect that thyssenkrupp AG will post 2.33 EPS for the current year.

About thyssenkrupp

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thyssenkrupp AG operates in the areas of automotive technology, industrial components, marine systems, steel, and materials services in Germany, the United States, China, and internationally. The company's Automotive Technology segment develops and manufactures components and systems, as well as automation solutions for the automotive industry.

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