thyssenkrupp (OTCMKTS:TKAMY) Stock Passes Above 50-Day Moving Average – What’s Next?

thyssenkrupp AG (OTCMKTS:TKAMY) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.83 and traded as high as $4.35. thyssenkrupp shares last traded at $4.15, with a volume of 18,677 shares.

Analyst Ratings Changes

Separately, Citigroup raised shares of thyssenkrupp to a “strong-buy” rating in a research report on Monday, September 16th.

thyssenkrupp Trading Down 4.4 %

The firm has a market capitalization of $2.58 billion, a PE ratio of -1.57 and a beta of 1.99. The firm has a 50 day simple moving average of $3.84 and a 200 day simple moving average of $3.93. The company has a current ratio of 1.85, a quick ratio of 1.16 and a debt-to-equity ratio of 0.06.

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.