ThyssenKrupp (OTCMKTS:TKAMY) Shares Down 5.9% – Here’s Why

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price fell 5.9% during mid-day trading on Thursday . The company traded as low as $12.1050 and last traded at $12.13. 4,368 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 42,639 shares. The stock had previously closed at $12.8950.

Wall Street Analysts Forecast Growth

TKAMY has been the subject of a number of analyst reports. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft upgraded ThyssenKrupp from a “buy” rating to a “buy” rating in a research note on Thursday, April 30th. Zacks Research downgraded ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Jefferies Financial Group raised shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Finally, Barclays restated an “underweight” rating on shares of ThyssenKrupp in a report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

ThyssenKrupp Price Performance

The business has a fifty day moving average of $12.01 and a 200 day moving average of $11.54. The firm has a market cap of $7.54 billion, a P/E ratio of 14.77 and a beta of 1.37. The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.05.

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.