ThyssenKrupp (OTCMKTS:TKAMY) Stock Price Down 6.2% – What’s Next?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price fell 6.2% during mid-day trading on Tuesday . The stock traded as low as $12.23 and last traded at $12.29. 45,697 shares were traded during mid-day trading, a decline of 36% from the average session volume of 71,849 shares. The stock had previously closed at $13.10.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a report on Friday. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research report on Friday, December 5th. Morgan Stanley reissued an “underweight” rating on shares of ThyssenKrupp in a research report on Tuesday, January 6th. Zacks Research raised ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Finally, Barclays reiterated an “underweight” rating on shares of ThyssenKrupp in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, two 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.com, the company currently has a consensus rating of “Moderate Buy”.

ThyssenKrupp Stock Performance

The company has a market capitalization of $7.62 billion, a price-to-earnings ratio of 11.33 and a beta of 1.01. The firm has a fifty day simple moving average of $12.23 and a 200 day simple moving average of $12.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.69 and a quick ratio of 1.09.

ThyssenKrupp (OTCMKTS:TKAMY) last announced its earnings results on Thursday, February 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.27). ThyssenKrupp had a net margin of 1.83% and a return on equity of 9.21%. The business had revenue of $8.52 billion for the quarter, compared to analysts’ expectations of $9.42 billion.

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.