ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Down – Here’s Why

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares gapped down before the market opened on Wednesday. The stock had previously closed at $15.01, but opened at $14.47. ThyssenKrupp shares last traded at $14.47, with a volume of 620 shares.

Analyst Ratings Changes

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ThyssenKrupp in a research report on Friday, September 4th. Kepler Capital Markets lowered ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. DZ Bank raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 21st. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research report on Friday, August 21st. Finally, Zacks Research upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

ThyssenKrupp Trading Down 5.0%

The stock has a market cap of $9.01 billion, a price-to-earnings ratio of 26.80 and a beta of 1.49. The company has a quick ratio of 0.98, a current ratio of 1.62 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $16.13 and its two-hundred day moving average is $13.38.

ThyssenKrupp Company Profile

thyssenkrupp AG is a Germany-based industrial group formed in 1999 through the merger of Thyssen AG and Friedrich Krupp AG. The company has roots in the 19th-century steel and engineering industries and is headquartered in Essen, Germany. Its businesses span steel production and processing, materials distribution, automotive components and systems, industrial technologies, and marine systems. The group also develops technologies for areas such as industrial decarbonization and hydrogen production. thyssenkrupp serves customers across a range of industries and operates in markets around the world, with activities and customers in Europe and other international regions.