ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Down - Here's What Happened

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.

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report)'s stock price 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.

Wall Street Analysts Forecast Growth

Separately, DZ Bank cut ThyssenKrupp from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating and two have given a Sell rating to the company. According to MarketBeat, ThyssenKrupp presently has an average rating of "Moderate Buy".

ThyssenKrupp Price Performance

The company has a quick ratio of 1.10, a current ratio of 1.76 and a debt-to-equity ratio of 0.05. The firm's fifty day moving average price is $11.31 and its two-hundred day moving average price is $9.99. The stock has a market capitalization of $6.37 billion, a PE ratio of -7.20 and a beta of 1.26.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.05. ThyssenKrupp had a negative net margin of 2.40% and a negative return on equity of 7.90%. The company had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $8.62 billion.

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.