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

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) 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.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TKAMY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ThyssenKrupp in a report on Wednesday, July 22nd. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research note on Friday. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

ThyssenKrupp Trading Up 5.8%

The company has a fifty day simple moving average of $13.61 and a two-hundred day simple moving average of $12.24. The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The company has a market cap of $9.69 billion, a PE ratio of 28.83 and a beta of 1.39.

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.