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

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped down before the market opened on Monday . The stock had previously closed at $17.38, but opened at $16.75. ThyssenKrupp shares last traded at $16.79, with a volume of 12,145 shares traded.

Analyst Ratings Changes

TKAMY has been the topic of a number of research analyst reports. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research report on Friday, August 21st. DZ Bank upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ThyssenKrupp in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

ThyssenKrupp Price Performance

The company has a 50 day moving average price of $14.00 and a 200-day moving average price of $12.34. The company has a market cap of $10.41 billion, a price-to-earnings ratio of 30.98 and a beta of 1.39. The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.05.

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.