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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares 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 Upgrades and Downgrades

A number of research firms recently commented on TKAMY. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research note on Friday, August 21st. DZ Bank upgraded shares of 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 analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, ThyssenKrupp currently has a consensus rating of “Hold”.

ThyssenKrupp Stock Performance

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

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.