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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $13.06, but opened at $12.02. ThyssenKrupp shares last traded at $12.1080, with a volume of 871 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Jefferies Financial Group upgraded ThyssenKrupp from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft upgraded ThyssenKrupp from a “buy” rating to a “buy” rating in a research note on Thursday, April 30th. Zacks Research cut ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Barclays reiterated an “underweight” rating on shares of ThyssenKrupp in a research note on Monday, February 23rd. Finally, Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research note on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

ThyssenKrupp Trading Down 3.2%

The company has a current ratio of 1.72, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 14.89 and a beta of 1.37. The firm has a 50-day moving average of $11.43 and a 200 day moving average of $11.41.

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.