ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Down – What’s Next?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $12.67, but opened at $12.10. ThyssenKrupp shares last traded at $11.94, with a volume of 8,440 shares.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised ThyssenKrupp from a “buy” rating to a “buy” rating in a research report on Thursday, April 30th. Jefferies Financial Group raised ThyssenKrupp from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Zacks Research downgraded ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Barclays reissued an “underweight” rating on shares of ThyssenKrupp in a research report on Monday, February 23rd. Three equities 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. According to MarketBeat.com, the company currently has an average rating of “Hold”.

ThyssenKrupp Stock Up 4.9%

The business has a 50-day moving average of $10.23 and a 200-day moving average of $11.63. 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 market capitalization of $7.63 billion, a price-to-earnings ratio of 11.35 and a beta of 1.35.

ThyssenKrupp (OTCMKTS:TKAMY) last announced its earnings results on Thursday, February 12th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.27). ThyssenKrupp had a net margin of 1.83% and a return on equity of 9.08%. The firm had revenue of $8.52 billion for the quarter, compared to analysts’ expectations of $9.42 billion. On average, sell-side analysts expect that ThyssenKrupp AG Sponsored ADR will post 0.33 EPS for the current year.

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.