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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price gapped down before the market opened on Tuesday. The stock had previously closed at $17.36, but opened at $16.72. ThyssenKrupp shares last traded at $16.70, with a volume of 2,427 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TKAMY. Kepler Capital Markets downgraded ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Friday, August 21st. DZ Bank upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ThyssenKrupp in a report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.

ThyssenKrupp Trading Down 4.7%

The company has a 50 day moving average of $15.86 and a 200 day moving average of $13.07. The company has a current ratio of 1.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The firm has a market cap of $10.30 billion, a price-to-earnings ratio of 30.63 and a beta of 1.40.

ThyssenKrupp Company Profile

Thyssenkrupp AG is a German industrial group headquartered in Essen, Germany. The company develops and supplies products, technologies and services for industrial customers in areas including steel, materials distribution, automotive components, marine systems and industrial decarbonization.

Its Automotive Technology business produces components and systems such as chassis, steering and powertrain solutions. Materials Services distributes and processes raw materials and industrial products, while Steel Europe manufactures flat carbon steel products for customers in the automotive, construction, engineering and other industries.