ThyssenKrupp (OTCMKTS:TKAMY) Stock Price Down 3.5% - Here's Why

Key Points

• ThyssenKrupp AG shares fell by 3.5%, reaching a low of $10.98, with trading volume down by 89% compared to average sessions.
• Analysts from DZ Bank downgraded the company's rating from "hold" to "strong sell", reflecting a pessimistic outlook for the stock.
• In its latest earnings report, ThyssenKrupp missed EPS estimates, posting $0.26 which was below the expected $0.28, despite generating $9.62 billion in revenue.

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report) shares traded down 3.5% during mid-day trading on Monday . The company traded as low as $10.98 and last traded at $11.02. 12,584 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 110,567 shares. The stock had previously closed at $11.41.

Analysts Set New Price Targets

Separately, DZ Bank lowered shares of ThyssenKrupp from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 30th.

ThyssenKrupp Price Performance

The company has a current ratio of 1.76, a quick ratio of 1.10 and a debt-to-equity ratio of 0.05. The business has a fifty day simple moving average of $11.15 and a 200 day simple moving average of $9.62. The stock has a market capitalization of $7.09 billion, a P/E ratio of -6.33 and a beta of 1.26.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.02). The company had revenue of $9.62 billion during the quarter, compared to analysts' expectations of $8.55 billion. ThyssenKrupp had a negative net margin of 3.04% and a negative return on equity of 9.70%.

ThyssenKrupp Company Profile

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.