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

Key Points

• ThyssenKrupp's stock price gapped down from $14.60 to $14.00 before opening on Thursday, currently trading at $14.55.
• Analysts have given the stock an average rating of "Hold," with DZ Bank upgrading it from a "strong sell" to a "hold" rating.
• The company's recent earnings report showed an EPS of $0.28, beating expectations, while revenues reached $9.73 billion against a forecast of $8.62 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 $14.60, but opened at $14.00. ThyssenKrupp shares last traded at $14.55, with a volume of 4,827 shares traded.

Analyst Ratings Changes

Separately, DZ Bank upgraded ThyssenKrupp from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold".

ThyssenKrupp Stock Down 2.5%

The firm has a 50-day moving average of $12.78 and a 200 day moving average of $11.52. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.73 and a quick ratio of 1.09. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of -10.03 and a beta of 1.26.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.