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

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped down before the market opened on Friday . The stock had previously closed at $9.52, but opened at $8.95. ThyssenKrupp shares last traded at $8.97, with a volume of 3,479 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. Barclays restated an “underweight” rating on shares of ThyssenKrupp in a research note on Monday, February 23rd. Morgan Stanley reiterated an “underweight” rating on shares of ThyssenKrupp in a research report on Tuesday, January 6th. Zacks Research cut shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

ThyssenKrupp Trading Down 6.0%

The stock has a market cap of $5.46 billion, a P/E ratio of 8.12 and a beta of 1.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.72. The stock has a 50-day moving average price of $12.07 and a 200-day moving average price of $12.49.

ThyssenKrupp (OTCMKTS:TKAMY) last posted its quarterly earnings data on Thursday, February 12th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.27). The company had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $9.42 billion. ThyssenKrupp had a return on equity of 9.08% and a net margin of 1.83%.

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.