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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares gapped down before the market opened on Monday . The stock had previously closed at $12.61, but opened at $11.68. ThyssenKrupp shares last traded at $11.65, with a volume of 10,900 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TKAMY shares. Deutsche Bank Aktiengesellschaft raised ThyssenKrupp from a “buy” rating to a “buy” rating in a report on Thursday, April 30th. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

ThyssenKrupp Trading Down 1.0%

The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average is $12.22 and its 200 day moving average is $11.59. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 14.10 and a beta of 1.37.

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.