thyssenkrupp (OTCMKTS:TKAMY) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of thyssenkrupp AG (OTCMKTS:TKAMY) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $4.03 and traded as low as $3.91. thyssenkrupp shares last traded at $3.91, with a volume of 295 shares trading hands.

Analysts Set New Price Targets

Separately, Citigroup upgraded thyssenkrupp to a “strong-buy” rating in a research note on Monday, September 16th.

thyssenkrupp Price Performance

The stock has a market capitalization of $2.44 billion, a P/E ratio of -1.48 and a beta of 1.97. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.85 and a quick ratio of 1.16. The company’s 50-day simple moving average is $4.03 and its 200-day simple moving average is $3.86.

thyssenkrupp Company Profile

thyssenkrupp AG operates as an industrial and technology company in Germany and internationally. It operates through five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. The Automotive Technology segment offers components, systems, and automation solutions for vehicle manufacturing, such as axle assembly, body in white, camshafts and electric engine components, dampers, dies, springs and stabilizers, crankshafts and conrods, steering, and undercarriages.