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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped down prior to trading on Wednesday . The stock had previously closed at $13.06, but opened at $12.50. ThyssenKrupp shares last traded at $12.37, with a volume of 490 shares trading hands.

Wall Street Analyst Weigh In

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

ThyssenKrupp Trading Down 3.8%

The business’s 50 day simple moving average is $11.96 and its 200 day simple moving average is $11.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.66 and a quick ratio of 0.99. The company has a market capitalization of $7.54 billion, a price-to-earnings ratio of 14.77 and a beta of 1.37.

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.