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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $17.38, but opened at $16.75. ThyssenKrupp shares last traded at $16.79, with a volume of 12,145 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. DZ Bank raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 21st. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research report on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ThyssenKrupp in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

ThyssenKrupp Price Performance

The stock has a market capitalization of $10.14 billion, a price-to-earnings ratio of 30.17 and a beta of 1.39. The company’s 50-day simple moving average is $14.18 and its 200-day simple moving average is $12.37. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.66 and a quick ratio of 0.99.

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.