ThyssenKrupp (OTCMKTS:TKAMY) Sets New 12-Month Low – Here’s What Happened

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) hit a new 52-week low during trading on Monday . The company traded as low as $8.2875 and last traded at $8.2950, with a volume of 2591 shares trading hands. The stock had previously closed at $9.15.

Analyst Upgrades and Downgrades

TKAMY has been the subject of a number of recent research reports. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research note on Friday, December 5th. Zacks Research cut ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Barclays restated an “underweight” rating on shares of ThyssenKrupp in a report on Monday, February 23rd. Jefferies Financial Group raised shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of ThyssenKrupp in a research note on Tuesday, January 6th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, ThyssenKrupp presently has an average rating of “Hold”.

ThyssenKrupp Trading Up 7.2%

The company has a fifty day simple moving average of $11.64 and a two-hundred day simple moving average of $12.36. The company has a market capitalization of $5.45 billion, a P/E ratio of 8.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.72 and a quick ratio of 1.01.

ThyssenKrupp (OTCMKTS:TKAMY) last released its quarterly earnings results on Thursday, February 12th. 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 9.08% and a net margin of 1.83%.The company had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $9.42 billion.

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.