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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares gapped down prior to trading on Thursday . The stock had previously closed at $14.60, but opened at $14.00. ThyssenKrupp shares last traded at $14.55, with a volume of 4,827 shares trading hands.

Analyst Upgrades and Downgrades

Separately, DZ Bank upgraded ThyssenKrupp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

ThyssenKrupp Stock Performance

The company has a market capitalization of $8.91 billion, a PE ratio of -10.08 and a beta of 1.26. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $12.95 and a two-hundred day moving average price of $11.60.

ThyssenKrupp (OTCMKTS:TKAMY) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.05. The company had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $8.62 billion. ThyssenKrupp had a negative return on equity of 7.90% and a negative net margin of 2.40%.

About ThyssenKrupp

thyssenkrupp AG operates as an industrial and technology company in Germany and internationally. It operates through five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. The Automotive Technology segment offers components, systems, and automation solutions for vehicle manufacturing, such as axle assembly, body in white, camshafts and electric engine components, dampers, dies, springs and stabilizers, crankshafts and conrods, steering, and undercarriages.