ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Down – Time to Sell?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $10.76, but opened at $10.35. ThyssenKrupp shares last traded at $10.35, with a volume of 274 shares traded.

Wall Street Analyst Weigh In

TKAMY has been the topic of several research analyst reports. DZ Bank raised ThyssenKrupp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 16th. Zacks Research raised shares of ThyssenKrupp to a “hold” rating in a research report on Friday, November 14th. Finally, Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

ThyssenKrupp Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.73 and a quick ratio of 1.09. The company has a market cap of $6.94 billion, a PE ratio of 6.76 and a beta of 1.06. The company has a 50-day moving average price of $12.62 and a two-hundred day moving average price of $12.15.

ThyssenKrupp (OTCMKTS:TKAMY) last released its quarterly earnings results on Tuesday, December 9th. The company reported $1.20 EPS for the quarter. ThyssenKrupp had a return on equity of 9.26% and a net margin of 2.80%.The firm had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.60 billion.

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.