ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Down – Time to Sell?

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped down prior to trading on Monday . The stock had previously closed at $9.07, but opened at $8.6601. ThyssenKrupp shares last traded at $8.9080, with a volume of 2,731 shares traded.

Wall Street Analyst Weigh In

A number of research firms have commented on TKAMY. Morgan Stanley reissued an “underweight” rating on shares of ThyssenKrupp in a report on Tuesday, January 6th. Jefferies Financial Group raised shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Barclays reissued an “underweight” rating on shares of ThyssenKrupp in a report on Monday, February 23rd. Finally, Zacks Research downgraded shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Two investment analysts have rated the stock with 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 currently has a consensus rating of “Hold”.

ThyssenKrupp Price Performance

The firm has a 50-day simple moving average of $11.41 and a 200-day simple moving average of $12.27. The firm has a market capitalization of $5.74 billion, a PE ratio of 8.54 and a beta of 1.14. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.72 and a quick ratio of 1.01.

ThyssenKrupp (OTCMKTS:TKAMY) last issued its quarterly earnings data on Thursday, February 12th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.27). The business 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 9.08% 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.