ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Down – Should You Sell?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $14.15, but opened at $13.21. ThyssenKrupp shares last traded at $13.30, with a volume of 3,524 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TKAMY shares. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft upgraded ThyssenKrupp from a “buy” rating to a “buy” rating in a research report on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, ThyssenKrupp presently has an average rating of “Hold”.

ThyssenKrupp Stock Performance

The stock has a market capitalization of $8.23 billion, a PE ratio of 16.12 and a beta of 1.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 1.66. The firm has a 50 day moving average of $12.54 and a 200-day moving average of $11.70.

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.