ThyssenKrupp (OTCMKTS:TKAMY) Shares Down 4.9% – Here’s What Happened

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s share price was down 4.9% during mid-day trading on Wednesday. The stock traded as low as $16.5150 and last traded at $16.5150. 302 shares traded hands during trading, a decline of 99% from the average daily volume of 35,751 shares. The stock had previously closed at $17.36.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Kepler Capital Markets lowered shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research note on Friday, August 21st. DZ Bank raised ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ThyssenKrupp in a report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

ThyssenKrupp Stock Performance

The stock has a market cap of $10.29 billion, a PE ratio of 30.60 and a beta of 1.40. The stock has a fifty day simple moving average of $15.91 and a two-hundred day simple moving average of $13.12. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 1.62.

About ThyssenKrupp

thyssenkrupp AG is a diversified industrial company headquartered in Essen, Germany. Its businesses develop and supply products, technologies and services for industrial, automotive, energy, materials and infrastructure customers worldwide.

The company’s activities include automotive components and systems, materials distribution and processing, steel production, and technologies for the energy transition. thyssenkrupp also operates marine businesses that provide submarines, naval vessels and related systems, as well as engineering and industrial solutions.