ThyssenKrupp (OTCMKTS:TKAMY) Trading Down 9.6% – Time to Sell?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares were down 9.6% during mid-day trading on Thursday . The stock traded as low as $9.45 and last traded at $9.45. Approximately 10,508 shares changed hands during trading, a decline of 84% from the average daily volume of 67,357 shares. The stock had previously closed at $10.45.

Wall Street Analyst Weigh In

TKAMY has been the topic of several recent research reports. Barclays reissued an “underweight” rating on shares of ThyssenKrupp in a report on Monday, February 23rd. Morgan Stanley reaffirmed an “underweight” rating on shares of ThyssenKrupp in a research report on Tuesday, January 6th. Zacks Research downgraded shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Finally, Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

ThyssenKrupp Trading Down 6.4%

The company has a 50 day moving average of $12.33 and a 200 day moving average of $12.52. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 8.27 and a beta of 1.00. The company has a current ratio of 1.72, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05.

ThyssenKrupp (OTCMKTS:TKAMY) last issued its quarterly earnings data on Thursday, February 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.27). ThyssenKrupp had a net margin of 1.83% and a return on equity of 9.08%. The company had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $9.42 billion.

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.