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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s share price gapped down before the market opened 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 changing hands.

Wall Street Analysts Forecast Growth

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

ThyssenKrupp Stock Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.62 and a quick ratio of 0.98. The business has a 50-day moving average of $16.08 and a 200-day moving average of $13.40. The company has a market capitalization of $9.18 billion, a P/E ratio of 27.31 and a beta of 1.49.

ThyssenKrupp Company Profile

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.