ThyssenKrupp (OTCMKTS:TKAMY) Shares Break Below Fifty Day Moving Average – Time to Sell?

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $16.36 and traded as low as $15.02. ThyssenKrupp shares last traded at $15.3250, with a volume of 6,472 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TKAMY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ThyssenKrupp in a research note on Friday, September 4th. Kepler Capital Markets cut ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research report on Friday, August 21st. Zacks Research raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Finally, DZ Bank upgraded shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 21st. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

ThyssenKrupp Stock Performance

The stock has a market cap of $9.54 billion, a price-to-earnings ratio of 28.38 and a beta of 1.41. The company has a current ratio of 1.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The firm has a fifty day simple moving average of $16.36 and a 200-day simple moving average of $13.89.

About ThyssenKrupp

Thyssenkrupp AG is a Germany-based industrial group with businesses spanning steel, materials services, automotive technology, marine systems and industrial decarbonization. The company develops and supplies products and services for manufacturers, infrastructure providers, energy companies and other industrial customers.

Its activities include producing flat steel products and other specialty materials, distributing and processing metals, and supplying components and systems for vehicles.