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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $10.76, but opened at $10.35. ThyssenKrupp shares last traded at $10.35, with a volume of 274 shares trading hands.

Analyst Upgrades and Downgrades

TKAMY has been the subject of a number of research reports. DZ Bank upgraded ThyssenKrupp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 16th. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. Finally, Zacks Research raised shares of ThyssenKrupp to a “hold” rating in a research note on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

ThyssenKrupp Stock Performance

The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 6.48 and a beta of 1.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.73 and a quick ratio of 1.09. The stock has a 50-day moving average of $12.47 and a 200 day moving average of $12.13.

ThyssenKrupp (OTCMKTS:TKAMY) last issued its earnings results on Tuesday, December 9th. The company reported $1.20 earnings per share (EPS) for the quarter. The company had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.60 billion. ThyssenKrupp had a net margin of 2.80% and a return on equity of 9.26%.

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.