ThyssenKrupp (OTCMKTS:TKAMY) Stock Falls 4.9% – Here’s Why

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s share price dropped 4.9% on Wednesday. The company traded as low as $16.5150 and last traded at $16.5150. Approximately 302 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 35,751 shares. The stock had previously closed at $17.36.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TKAMY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ThyssenKrupp in a research note on Friday, September 4th. Kepler Capital Markets lowered shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. DZ Bank upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 21st. Finally, Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, ThyssenKrupp currently has an average rating of “Hold”.

ThyssenKrupp Price Performance

The company has a quick ratio of 0.98, a current ratio of 1.62 and a debt-to-equity ratio of 0.05. The stock has a market cap of $10.29 billion, a P/E ratio of 30.60 and a beta of 1.40. The firm’s fifty day moving average price is $15.91 and its 200-day moving average price is $13.12.

About ThyssenKrupp

thyssenkrupp AG is a diversified industrial company headquartered in Essen, Germany. Its businesses develop and supply products, technologies and services for industrial, automotive, energy, materials and infrastructure customers worldwide.

The company’s activities include automotive components and systems, materials distribution and processing, steel production, and technologies for the energy transition. thyssenkrupp also operates marine businesses that provide submarines, naval vessels and related systems, as well as engineering and industrial solutions.