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thyssenkrupp (OTCMKTS:TKAMY) Share Price Passes Above 50-Day Moving Average - Here's Why

thyssenkrupp logo with Basic Materials background

thyssenkrupp AG (OTCMKTS:TKAMY - Get Free Report)'s stock price crossed 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 changing hands.

Analyst Upgrades and Downgrades

Separately, Citigroup raised thyssenkrupp to a "strong-buy" rating in a research note on Monday, September 16th.

Read Our Latest Analysis on TKAMY

thyssenkrupp Price Performance

The stock's 50 day moving average price is $3.85 and its 200-day moving average price is $3.93. The company has a quick ratio of 1.16, a current ratio of 1.85 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $2.58 billion, a PE ratio of -1.57 and a beta of 1.99.

thyssenkrupp Company Profile

(Get Free Report)

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.

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