ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Down – What’s Next?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $15.36, but opened at $14.68. ThyssenKrupp shares last traded at $14.69, with a volume of 306 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ThyssenKrupp in a research report on Wednesday, July 22nd. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research note on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, ThyssenKrupp has a consensus rating of “Hold”.

ThyssenKrupp Stock Performance

The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 27.00 and a beta of 1.39. The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $13.52 and a 200 day moving average of $12.20.

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.