ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Down – Should You Sell?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $13.06, but opened at $12.50. ThyssenKrupp shares last traded at $12.37, with a volume of 490 shares traded.

Analysts Set New Price Targets

TKAMY has been the topic of a number of recent research reports. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Thursday, May 14th. Barclays reiterated an “underweight” rating on shares of ThyssenKrupp in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a research note on Thursday, April 30th. Finally, Zacks Research lowered shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

ThyssenKrupp Trading Down 1.8%

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.66 and a quick ratio of 0.99. The firm has a market capitalization of $7.88 billion, a PE ratio of 15.44 and a beta of 1.37. The business’s 50-day moving average price is $11.83 and its 200-day moving average price is $11.51.

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.