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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $10.70, but opened at $10.12. ThyssenKrupp shares last traded at $10.08, with a volume of 66,908 shares.

Analyst Upgrades and Downgrades

TKAMY has been the subject of several analyst reports. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. Morgan Stanley reissued an “underweight” rating on shares of ThyssenKrupp in a research report on Tuesday, January 6th. Barclays restated an “underweight” rating on shares of ThyssenKrupp in a research note on Monday, February 23rd. Jefferies Financial Group raised shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Finally, Zacks Research cut shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

ThyssenKrupp Stock Performance

The company has a quick ratio of 1.01, a current ratio of 1.72 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $6.57 billion, a P/E ratio of 9.77 and a beta of 1.00. The business has a fifty day moving average price of $12.41 and a 200-day moving average price of $12.57.

ThyssenKrupp (OTCMKTS:TKAMY) last released its quarterly earnings data on Thursday, February 12th. The company reported ($0.07) 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 business had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $9.42 billion.

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.