ThyssenKrupp (OTCMKTS:TYEKF) Stock Falls 7% – What’s Next?

by · The Markets Daily

Shares of ThyssenKrupp AG (OTCMKTS:TYEKF – Get Free Report) dropped 7% during mid-day trading on Tuesday. The stock traded as low as $15.33 and last traded at $15.33. 200 shares traded hands during trading, an increase of 179% from the average daily volume of 72 shares. The stock had previously closed at $16.48.

ThyssenKrupp Stock Down 7.0%

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 1.62. The stock has a 50 day moving average price of $16.37 and a 200 day moving average price of $13.67. The company has a market cap of $9.54 billion, a P/E ratio of 28.39 and a beta of 1.24.

About ThyssenKrupp

(Get Free Report)

thyssenkrupp AG is a Germany-based industrial company with operations serving customers worldwide. Its businesses provide materials, engineering, manufacturing and technology solutions for industries including automotive, construction, machinery, energy and marine defense.

The company’s activities include materials trading and distribution, steel production, automotive components and systems, naval vessels and submarines, and technologies for the energy transition. Its portfolio also includes solutions related to decarbonization, such as electrolyzers and other technologies used in producing low-carbon hydrogen.

thyssenkrupp traces its heritage to the steel and engineering businesses founded by August Thyssen and the Krupp family.

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