ThyssenKrupp (OTCMKTS:TYEKF) Shares Gap Up – Here’s Why

ThyssenKrupp AG (OTCMKTS:TYEKF – Get Free Report) shares gapped up before the market opened on Wednesday. The stock had previously closed at $15.33, but opened at $16.25. ThyssenKrupp shares last traded at $15.4438, with a volume of 1,250 shares traded.

ThyssenKrupp Price Performance

The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of 28.60 and a beta of 1.24. 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 company has a fifty day simple moving average of $16.37 and a two-hundred day simple moving average of $13.67.

ThyssenKrupp Company Profile

(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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