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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY – Get Free Report)’s stock price gapped down prior to trading 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.

Analyst Upgrades and Downgrades

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

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ThyssenKrupp Trading Down 1.8%

The company’s 50 day moving average price is $11.83 and its two-hundred day moving average price is $11.51. 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 stock has a market capitalization of $7.88 billion, a PE ratio of 15.44 and a beta of 1.37.

About ThyssenKrupp

(Get Free Report)

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.

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