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

ThyssenKrupp logo with Basic Materials background

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $12.81, but opened at $12.44. ThyssenKrupp shares last traded at $12.44, with a volume of 2,372 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets raised shares of ThyssenKrupp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st.

Get Our Latest Stock Analysis on ThyssenKrupp

ThyssenKrupp Stock 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 company has a market capitalization of $7.83 billion, a PE ratio of -6.99 and a beta of 1.26. The stock's fifty day simple moving average is $10.52 and its 200-day simple moving average is $8.74.

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

About ThyssenKrupp

(Get Free Report)

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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