ThyssenKrupp (OTCMKTS:TKAMY) Trading Down 11.6% Following Weak Earnings

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) traded down 11.6% during mid-day trading on Thursday following a dissappointing earnings announcement. The company traded as low as $12.97 and last traded at $12.97. 21,295 shares were traded during mid-day trading, a decline of 74% from the average session volume of 81,082 shares. The stock had previously closed at $14.6750.

The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.27). ThyssenKrupp had a return on equity of 9.15% and a net margin of 2.80%.

Wall Street Analyst Weigh In

TKAMY has been the subject of a number of analyst reports. Zacks Research upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research report on Friday, December 5th. Finally, Morgan Stanley restated an “underweight” rating on shares of ThyssenKrupp in a report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

ThyssenKrupp Stock Down 11.6%

The company’s 50 day moving average price is $11.89 and its 200 day moving average price is $12.41. The company has a quick ratio of 1.09, a current ratio of 1.69 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 7.86 and a beta of 1.01.

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.