THYSSENKRUPP AG/S (OTCMKTS:TKAMY) Rating Lowered to Sell at Zacks Investment Research

THYSSENKRUPP AG/S (OTCMKTS:TKAMY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, reports.

According to Zacks, “ThyssenKrupp AG engages in the production of steel. It operates through the following business areas Components Technology, Elevator Technology, Industrial Solutions, Materials Services, Steel Europe and Steel Americas. Components Technology business area offers components for the automotive, construction and engineering sectors. Elevator Technology business area constructs and modernizes elevators, escalators, moving walks, stair and platform lifts, and passenger boarding bridges. Industrial Solutions business area is an international supplier in special and large-scale plant construction as well as naval shipbuilding. Materials Services business area distributes materials and provides complex technical services for the production and manufacturing sectors. Steel Europe business area involves in the flat carbon steel activities. Steel America business area produces, processes, and markets steel products in North and South America. ThyssenKrupp AG is headquartered in Essen, Germany. “

Several other brokerages also recently commented on TKAMY. ValuEngine upgraded shares of THYSSENKRUPP AG/S from a “sell” rating to a “hold” rating in a report on Thursday, June 27th. Credit Suisse Group began coverage on shares of THYSSENKRUPP AG/S in a report on Tuesday, September 3rd. They issued an “underperform” rating for the company.

Shares of TKAMY stock traded up $0.12 on Thursday, hitting $14.20. The stock had a trading volume of 13,715 shares, compared to its average volume of 34,354. The business has a 50 day moving average of $12.04 and a 200 day moving average of $13.53. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of 473.33 and a beta of 1.15. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.12 and a quick ratio of 0.88. THYSSENKRUPP AG/S has a 12-month low of $10.24 and a 12-month high of $27.40.


thyssenkrupp AG operates in the areas of components technology, elevator technology, industrial solutions, and materials services in Germany, the United States, and China. The company's Components Technology segment provides various components for automotive, construction, and engineering sectors, as well as for wind turbines.

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