ThyssenKrupp (OTCMKTS:TKAMY) Trading Down 6.2% Following Analyst Downgrade

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s share price fell 6.2% on Tuesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock traded as low as $12.23 and last traded at $12.29. 45,697 shares were traded during mid-day trading, a decline of 36% from the average session volume of 71,849 shares. The stock had previously closed at $13.10.

TKAMY has been the subject of several other reports. Barclays reaffirmed an “underweight” rating on shares of ThyssenKrupp in a research note on Monday. Morgan Stanley reaffirmed an “underweight” rating on shares of ThyssenKrupp in a research report on Tuesday, January 6th. Jefferies Financial Group upgraded ThyssenKrupp from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Finally, Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

ThyssenKrupp Trading Down 2.1%

The company has a current ratio of 1.69, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05. The company has a market cap of $7.76 billion, a PE ratio of 11.55 and a beta of 1.01. The stock has a 50 day moving average price of $12.32 and a 200 day moving average price of $12.50.

ThyssenKrupp (OTCMKTS:TKAMY) last posted its quarterly earnings data on Thursday, February 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.27). The firm had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $9.42 billion. ThyssenKrupp had a return on equity of 9.21% and a net margin of 1.83%.

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.