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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price gapped down prior to trading 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.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a research report on Thursday, April 30th. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

ThyssenKrupp Stock Performance

The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average price of $12.65 and a 200 day moving average price of $11.73. The stock has a market cap of $8.04 billion, a PE ratio of 15.76 and a beta of 1.40.

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.