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

thyssenkrupp AG (OTCMKTS:TKAMY - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $4.31 and traded as high as $4.90. thyssenkrupp shares last traded at $4.88, with a volume of 7,134 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered shares of thyssenkrupp from a "hold" rating to a "strong sell" rating in a research report on Thursday, January 30th.

thyssenkrupp Stock Down 0.6 %

The company has a quick ratio of 1.15, a current ratio of 1.76 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $3.02 billion, a PE ratio of -1.83 and a beta of 1.99. The business's 50 day simple moving average is $4.34 and its 200 day simple moving average is $3.88.

thyssenkrupp Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Tuesday, February 4th will be paid a dividend of $0.1552 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This is a positive change from thyssenkrupp's previous dividend of $0.10. thyssenkrupp's dividend payout ratio is currently -3.77%.

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.