ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Down – What’s Next?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $12.67, but opened at $12.10. ThyssenKrupp shares last traded at $11.94, with a volume of 8,440 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Zacks Research cut shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft upgraded shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a research note on Thursday, April 30th. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Finally, Barclays reiterated an “underweight” rating on shares of ThyssenKrupp in a research note on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

ThyssenKrupp Stock Down 4.5%

The stock has a market capitalization of $7.53 billion, a P/E ratio of 11.20 and a beta of 1.35. The company’s 50-day moving average price is $10.25 and its 200 day moving average price is $11.69. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.72.

ThyssenKrupp (OTCMKTS:TKAMY) last announced its quarterly earnings data on Thursday, February 12th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.27). The firm had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $9.42 billion. ThyssenKrupp had a net margin of 1.83% and a return on equity of 9.08%. As a group, equities analysts expect that ThyssenKrupp AG Sponsored ADR will post 0.33 earnings per share for the current year.

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.