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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped down before the market opened on Wednesday . The stock had previously closed at $13.06, but opened at $12.02. ThyssenKrupp shares last traded at $12.1080, with a volume of 871 shares trading hands.

Analysts Set New Price Targets

TKAMY has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft upgraded shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a research note on Thursday, April 30th. Barclays reaffirmed an “underweight” rating on shares of ThyssenKrupp in a report on Monday, February 23rd. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Thursday, May 14th. Finally, Zacks Research lowered ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Three investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

ThyssenKrupp Stock Down 3.2%

The stock has a fifty day moving average of $11.43 and a 200-day moving average of $11.41. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 14.89 and a beta of 1.37. The company has a current ratio of 1.72, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05.

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.