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

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped down prior to trading on Tuesday . The stock had previously closed at $15.12, but opened at $11.04. ThyssenKrupp shares last traded at $10.5360, with a volume of 8,082 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TKAMY shares. DZ Bank upgraded shares of ThyssenKrupp from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 16th. Zacks Research upgraded ThyssenKrupp to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

ThyssenKrupp Stock Performance

The firm has a market cap of $6.52 billion, a price-to-earnings ratio of -7.38 and a beta of 1.25. The firm’s 50 day moving average is $14.32 and its 200-day moving average is $12.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.09 and a current ratio of 1.73.

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.