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

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped down prior to trading on Wednesday. The stock had previously closed at $15.01, but opened at $14.47. ThyssenKrupp shares last traded at $14.47, with a volume of 620 shares traded.

Analyst Upgrades and Downgrades

TKAMY has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. DZ Bank raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Friday, August 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ThyssenKrupp in a research report on Friday, September 4th. Kepler Capital Markets lowered ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Finally, Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research report on Friday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, ThyssenKrupp has an average rating of “Moderate Buy”.

ThyssenKrupp Stock Performance

The stock’s 50 day moving average price is $16.13 and its two-hundred day moving average price is $13.38. The company has a current ratio of 1.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 26.80 and a beta of 1.49.

About ThyssenKrupp

thyssenkrupp AG is a Germany-based industrial group formed in 1999 through the merger of Thyssen AG and Friedrich Krupp AG. The company has roots in the 19th-century steel and engineering industries and is headquartered in Essen, Germany. Its businesses span steel production and processing, materials distribution, automotive components and systems, industrial technologies, and marine systems. The group also develops technologies for areas such as industrial decarbonization and hydrogen production. thyssenkrupp serves customers across a range of industries and operates in markets around the world, with activities and customers in Europe and other international regions.