ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Down – What’s Next?

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped down prior to trading on Monday . The stock had previously closed at $12.67, but opened at $12.10. ThyssenKrupp shares last traded at $11.94, with a volume of 8,440 shares.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TKAMY. Zacks Research downgraded shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Barclays reaffirmed an “underweight” rating on shares of ThyssenKrupp in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft raised shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a research note on Thursday, April 30th. Finally, Jefferies Financial Group raised shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

ThyssenKrupp Stock Down 4.5%

The company has a market cap of $7.53 billion, a P/E ratio of 11.20 and a beta of 1.35. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.72 and a quick ratio of 1.01. The company’s 50-day moving average is $10.25 and its two-hundred day moving average is $11.69.

ThyssenKrupp (OTCMKTS:TKAMY) last issued its earnings results on Thursday, February 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.27). ThyssenKrupp had a return on equity of 9.08% and a net margin of 1.83%.The company had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $9.42 billion. As a group, equities analysts predict that ThyssenKrupp AG Sponsored ADR will post 0.33 earnings per share for the current fiscal year.

ThyssenKrupp Company Profile

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.