ThyssenKrupp (OTCMKTS:TKAMY) Stock Price Down 11.6% After Earnings Miss

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares fell 11.6% during trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $12.97 and last traded at $12.97. 21,295 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 81,082 shares. The stock had previously closed at $14.6750.

The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.27). ThyssenKrupp had a net margin of 2.80% and a return on equity of 9.15%.

Wall Street Analysts Forecast Growth

TKAMY has been the topic of several research reports. Morgan Stanley restated an “underweight” rating on shares of ThyssenKrupp in a research report on Tuesday, January 6th. Zacks Research upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Finally, Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

ThyssenKrupp Stock Down 11.6%

The business’s 50 day moving average is $11.89 and its 200-day moving average is $12.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.69 and a quick ratio of 1.09. The company has a market cap of $8.07 billion, a PE ratio of 7.86 and a beta of 1.01.

About ThyssenKrupp

ThyssenKrupp AG (OTCMKTS: TKAMY) is a diversified German industrial conglomerate headquartered in Essen and Düsseldorf. Formed in 1999 through the merger of Thyssen AG and Friedrich Krupp GmbH, the company operates across multiple segments, including steel production, materials distribution, industrial engineering, elevator technology and automotive components.

In its Materials Services division, ThyssenKrupp supplies processed and semi-finished steel products and high-performance materials to industries such as automotive, construction and machinery manufacturing.