ThyssenKrupp (OTCMKTS:TKAMY) Trading Down 9.6% – What’s Next?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares were down 9.6% on Thursday . The stock traded as low as $9.45 and last traded at $9.45. Approximately 10,508 shares traded hands during trading, a decline of 84% from the average daily volume of 67,357 shares. The stock had previously closed at $10.45.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Jefferies Financial Group upgraded ThyssenKrupp from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research report on Friday, December 5th. Barclays reaffirmed an “underweight” rating on shares of ThyssenKrupp in a research report on Monday, February 23rd. Zacks Research lowered ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of ThyssenKrupp in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

ThyssenKrupp Trading Down 9.7%

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.72 and a quick ratio of 1.01. The firm has a market capitalization of $5.88 billion, a PE ratio of 8.74 and a beta of 1.00. The firm’s fifty day moving average is $12.41 and its two-hundred day moving average is $12.55.

ThyssenKrupp (OTCMKTS:TKAMY) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.27). The company had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $9.42 billion. ThyssenKrupp had a return on equity of 9.08% and a net margin of 1.83%.

ThyssenKrupp Company Profile

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.