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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares gapped down prior to trading on Tuesday. The stock had previously closed at $17.36, but opened at $16.72. ThyssenKrupp shares last traded at $16.70, with a volume of 2,427 shares traded.

Analyst Ratings Changes

A number of research firms recently weighed in on TKAMY. DZ Bank raised ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Friday, August 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ThyssenKrupp in a report on Friday, September 4th. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research note on Friday, August 21st. Finally, Kepler Capital Markets cut ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, ThyssenKrupp presently has an average rating of “Hold”.

ThyssenKrupp Stock Down 4.7%

The firm has a 50 day moving average price of $15.86 and a 200-day moving average price of $13.07. The firm has a market cap of $10.30 billion, a price-to-earnings ratio of 30.63 and a beta of 1.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.62 and a quick ratio of 0.98.

ThyssenKrupp Company Profile

Thyssenkrupp AG is a German industrial group headquartered in Essen, Germany. The company develops and supplies products, technologies and services for industrial customers in areas including steel, materials distribution, automotive components, marine systems and industrial decarbonization.

Its Automotive Technology business produces components and systems such as chassis, steering and powertrain solutions. Materials Services distributes and processes raw materials and industrial products, while Steel Europe manufactures flat carbon steel products for customers in the automotive, construction, engineering and other industries.