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 $12.61, but opened at $11.68. ThyssenKrupp shares last traded at $11.65, with a volume of 10,900 shares traded.

Wall Street Analysts Forecast Growth

TKAMY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised ThyssenKrupp from a “buy” rating to a “buy” rating in a research report on Thursday, April 30th. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

ThyssenKrupp Trading Up 2.2%

The firm has a 50-day simple moving average of $12.27 and a 200-day simple moving average of $11.61. The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.05. The stock has a market cap of $7.37 billion, a PE ratio of 14.44 and a beta of 1.37.

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.