ThyssenKrupp (OTCMKTS:TKAMY) Shares Down 5.9% – Should You Sell?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price traded down 5.9% on Thursday . The stock traded as low as $12.1050 and last traded at $12.13. 4,368 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 42,639 shares. The stock had previously closed at $12.8950.

Analysts Set New Price Targets

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

ThyssenKrupp Trading Down 3.6%

The company has a market capitalization of $7.56 billion, a PE ratio of 14.80 and a beta of 1.37. The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average of $11.90 and a two-hundred day moving average of $11.52.

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.