thyssenkrupp (OTCMKTS:TKAMY) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

thyssenkrupp AG (OTCMKTS:TKAMY)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $4.31 and traded as high as $4.90. thyssenkrupp shares last traded at $4.88, with a volume of 7,134 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered thyssenkrupp from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 30th.

thyssenkrupp Price Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.15 and a current ratio of 1.76. The stock has a market capitalization of $3.04 billion, a P/E ratio of -1.84 and a beta of 1.99. The firm has a 50-day moving average price of $4.31 and a 200 day moving average price of $3.88.

thyssenkrupp Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, February 12th. Investors of record on Tuesday, February 4th will be issued a dividend of $0.1552 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This is a boost from thyssenkrupp’s previous dividend of $0.10. thyssenkrupp’s dividend payout ratio is currently -3.77%.

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.