ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Down – Here’s What Happened

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $14.15, but opened at $13.21. ThyssenKrupp shares last traded at $13.30, with a volume of 3,524 shares changing hands.

Analysts Set New Price Targets

A number of research firms have commented on TKAMY. Deutsche Bank Aktiengesellschaft upgraded shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a research report on Thursday, April 30th. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research note on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, ThyssenKrupp presently has an average rating of “Hold”.

ThyssenKrupp Stock Performance

The company’s 50-day moving average price is $12.54 and its two-hundred day moving average price is $11.70. The company has a market cap of $8.23 billion, a P/E ratio of 16.12 and a beta of 1.40. The company has a current ratio of 1.66, a quick ratio of 0.99 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.