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

ThyssenKrupp logo with Basic Materials background
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Key Points

  • Shares gapped down: TKAMY opened at $9.51 after a $9.956 close and last traded at $9.705, with 2,483 shares changing hands.
  • Quarterly results missed expectations: the company reported EPS of $(0.07) versus $0.20 expected and revenue of $8.52B versus $9.42B expected, with a narrow net margin of 1.83%.
  • Analyst sentiment is mixed: two Buy, two Hold and two Sell ratings leave an average rating of "Hold," with recent moves including a Jefferies upgrade to Buy and a Zacks downgrade to Hold.
  • Five stocks to consider instead of ThyssenKrupp.

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $9.9560, but opened at $9.51. ThyssenKrupp shares last traded at $9.7050, with a volume of 2,483 shares traded.

Analyst Upgrades and Downgrades

TKAMY has been the subject of several analyst reports. Barclays restated an "underweight" rating on shares of ThyssenKrupp in a research report on Monday, February 23rd. Morgan Stanley reiterated an "underweight" rating on shares of ThyssenKrupp in a research report on Tuesday, January 6th. Jefferies Financial Group upgraded ThyssenKrupp from a "hold" rating to a "buy" rating in a research report on Friday, February 20th. Finally, Zacks Research lowered ThyssenKrupp from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, ThyssenKrupp has an average rating of "Hold".

View Our Latest Stock Report on ThyssenKrupp

ThyssenKrupp Price Performance

The company has a current ratio of 1.72, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. The company has a 50 day simple moving average of $11.04 and a 200 day simple moving average of $12.12. The stock has a market cap of $6.08 billion, a P/E ratio of 9.05 and a beta of 1.14.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.27). ThyssenKrupp had a return on equity of 9.08% and a net margin of 1.83%.The firm had revenue of $8.52 billion for the quarter, compared to analyst estimates of $9.42 billion.

ThyssenKrupp Company Profile

(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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