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

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped down before the market opened on Monday . The stock had previously closed at $9.9560, but opened at $9.51. ThyssenKrupp shares last traded at $9.7050, with a volume of 2,483 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barclays reaffirmed an “underweight” rating on shares of ThyssenKrupp in a report on Monday, February 23rd. Morgan Stanley reissued an “underweight” rating on shares of ThyssenKrupp in a research report on Tuesday, January 6th. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Finally, Zacks Research downgraded ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

ThyssenKrupp Stock Performance

The firm has a fifty day simple moving average of $10.90 and a 200 day simple moving average of $12.07. The company has a current ratio of 1.72, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 9.44 and a beta of 1.14.

ThyssenKrupp (OTCMKTS:TKAMY) last released its quarterly earnings data 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). The firm had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $9.42 billion. ThyssenKrupp had a net margin of 1.83% and a return on equity of 9.08%.

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.