thyssenkrupp (ETR:TKA) Trading Up 7% – Time to Buy?

thyssenkrupp AG (ETR:TKAGet Free Report) was up 7% during mid-day trading on Wednesday . The stock traded as high as €6.09 ($6.34) and last traded at €6.00 ($6.25). Approximately 12,708,851 shares changed hands during trading, The stock had previously closed at €5.61 ($5.84).

thyssenkrupp Price Performance

The company has a debt-to-equity ratio of 15.37, a quick ratio of 1.12 and a current ratio of 1.76. The company has a 50-day simple moving average of €4.28 and a 200-day simple moving average of €3.68. The company has a market cap of $3.94 billion, a price-to-earnings ratio of -2.62, a PEG ratio of 136.03 and a beta of 1.90.

About thyssenkrupp

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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.

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