thyssenkrupp AG (OTCMKTS:TKAMY – Get Rating) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 35,800 shares, a growth of 30.2% from the June 15th total of 27,500 shares. Based on an average trading volume of 46,100 shares, the short-interest ratio is presently 0.8 days.
thyssenkrupp Price Performance
Shares of OTCMKTS:TKAMY opened at $5.40 on Tuesday. The firm has a market capitalization of $3.36 billion, a PE ratio of 3.23 and a beta of 1.96. The company has a 50-day moving average price of $7.51 and a two-hundred day moving average price of $8.80. thyssenkrupp has a twelve month low of $4.91 and a twelve month high of $12.70. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.22.
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thyssenkrupp (OTCMKTS:TKAMY – Get Rating) last issued its quarterly earnings results on Wednesday, May 11th. The company reported $1.02 EPS for the quarter. The firm had revenue of $11.89 billion for the quarter, compared to analyst estimates of $10.05 billion. thyssenkrupp had a net margin of 2.38% and a return on equity of 7.74%. Equities analysts forecast that thyssenkrupp will post 2.33 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. Credit Suisse Group upped their target price on shares of thyssenkrupp from €16.50 ($16.67) to €17.60 ($17.78) and gave the company an "outperform" rating in a research note on Friday, May 13th. Morgan Stanley lowered their price objective on shares of thyssenkrupp from €8.80 ($8.89) to €8.20 ($8.28) and set an "equal weight" rating on the stock in a research note on Thursday, July 14th. Deutsche Bank Aktiengesellschaft decreased their target price on thyssenkrupp from €17.00 ($17.17) to €12.00 ($12.12) in a research report on Friday. Finally, DZ Bank downgraded thyssenkrupp from a "buy" rating to a "hold" rating and set a €5.80 ($5.86) price target on the stock. in a research report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $10.90.
About thyssenkrupp
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thyssenkrupp AG operates in the areas of automotive technology, industrial components, marine systems, steel, and materials services in Germany, the United States, China, and internationally. The company's Automotive Technology segment develops and manufactures components and systems, as well as automation solutions for the automotive industry.
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