ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Down - Time to Sell?

Key Points

• ThyssenKrupp shares gapped down significantly, opening at $10.36 compared to a previous close of $11.29, and currently trading at $10.24.
• DZ Bank has downgraded ThyssenKrupp from a "hold" rating to a "strong sell" rating in a recent research report.
• The company reported a negative return on equity of 9.70% and a net margin of -3.04% in its most recent quarterly earnings report, with revenue of $9.73 billion.

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $11.29, but opened at $10.36. ThyssenKrupp shares last traded at $10.24, with a volume of 10,477 shares changing hands.

Wall Street Analysts Forecast Growth

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

ThyssenKrupp Stock Performance

The company has a market cap of $6.39 billion, a P/E ratio of -5.71 and a beta of 1.26. The company has a 50 day moving average price of $11.28 and a 200-day moving average price of $9.81. The company has a quick ratio of 1.10, a current ratio of 1.76 and a debt-to-equity ratio of 0.05.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.28 earnings per share (EPS) for the quarter. ThyssenKrupp had a negative return on equity of 9.70% and a negative net margin of 3.04%. The company had revenue of $9.73 billion during the quarter.

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.

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