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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped down prior to trading on Wednesday . The stock had previously closed at $13.06, but opened at $12.02. ThyssenKrupp shares last traded at $12.1080, with a volume of 871 shares.

Wall Street Analyst Weigh In

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

ThyssenKrupp Stock Performance

The company has a market capitalization of $8.03 billion, a PE ratio of 15.73 and a beta of 1.37. The firm has a 50-day moving average of $11.59 and a two-hundred day moving average of $11.45. The company has a quick ratio of 1.01, 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.