thyssenkrupp AG (OTCMKTS:TKAMY – Get Rating) saw a large growth in short interest in 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 daily volume of 46,100 shares, the short-interest ratio is currently 0.8 days.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. DZ Bank downgraded shares of thyssenkrupp from a "buy" rating to a "hold" rating and set a €5.80 ($5.86) price target for the company. in a report on Wednesday, July 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of thyssenkrupp from €17.00 ($17.17) to €12.00 ($12.12) in a research note on Friday. Morgan Stanley decreased their price objective on shares of thyssenkrupp from €8.80 ($8.89) to €8.20 ($8.28) and set an "equal weight" rating for the company in a research note on Thursday, July 14th. Finally, Credit Suisse Group raised 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $10.90.
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thyssenkrupp Price Performance
TKAMY opened at $5.40 on Tuesday. The company has a market capitalization of $3.36 billion, a P/E ratio of 3.23 and a beta of 1.96. The company has a 50-day moving average of $7.51 and a 200-day moving average of $8.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.28 and a current ratio of 1.98. thyssenkrupp has a 1-year low of $4.91 and a 1-year high of $12.70.
thyssenkrupp (OTCMKTS:TKAMY – Get Rating) last announced its quarterly earnings data on Wednesday, May 11th. The company reported $1.02 earnings per share for the quarter. thyssenkrupp had a return on equity of 7.74% and a net
margin of 2.38%. The firm had revenue of $11.89 billion during the quarter, compared to analyst estimates of $10.05 billion. Equities analysts expect that thyssenkrupp will post 2.33 EPS for the current fiscal year.
thyssenkrupp Company Profile
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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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