thyssenkrupp AG (OTCMKTS:TKAMY – Get Rating) saw a large increase in short interest in July. As of July 31st, there was short interest totalling 7,500 shares, an increase of 316.7% from the July 15th total of 1,800 shares. Based on an average daily trading volume, of 48,400 shares, the days-to-cover ratio is presently 0.2 days.
thyssenkrupp Price Performance
Shares of thyssenkrupp stock remained flat at $6.10 during trading on Friday. 2,600 shares of the stock traded hands, compared to its average volume of 26,221. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.22. The business's fifty day simple moving average is $6.39 and its two-hundred day simple moving average is $8.11. thyssenkrupp has a 1-year low of $4.91 and a 1-year high of $12.70. The firm has a market cap of $3.79 billion, a P/E ratio of 3.65 and a beta of 1.93.
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thyssenkrupp (OTCMKTS:TKAMY – Get Rating) last issued its earnings results on Wednesday, May 11th. The company reported $1.02 earnings per share for the quarter. thyssenkrupp had a net margin of 2.38% and a return on equity of 7.74%. The business had revenue of $11.89 billion for the quarter, compared to analyst estimates of $10.05 billion. As a group, equities research analysts anticipate that thyssenkrupp will post 2.33 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms have recently weighed in on TKAMY. Morgan Stanley cut their price target on shares of thyssenkrupp from €8.80 ($8.98) to €8.20 ($8.37) and set an "equal weight" rating on the stock in a report on Thursday, July 14th. Credit Suisse Group raised their price target on shares of thyssenkrupp from €16.50 ($16.84) to €17.60 ($17.96) and gave the company an "outperform" rating in a report on Friday, May 13th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of thyssenkrupp from €17.00 ($17.35) to €12.00 ($12.24) in a report on Friday, July 15th. Finally, DZ Bank downgraded shares of thyssenkrupp from a "buy" rating to a "hold" rating and set a €5.80 ($5.92) target price on the stock. in a report on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $10.90.
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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