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ThyssenKrupp (OTCMKTS:TKAMY) Trading Down 6.5% - Here's Why

ThyssenKrupp logo with Basic Materials background

Key Points

  • Shares of ThyssenKrupp AG dropped 6.5% on Friday, trading at $9.68 after reaching a low of $9.65, indicating a significant decline in trading activity.
  • DZ Bank has downgraded ThyssenKrupp from a "hold" to a "strong sell" rating, reflecting concerns over its stock performance.
  • The company's latest quarterly earnings showed $0.28 earnings per share, surpassing expectations, but it still reported a negative net margin of 2.40%.
  • Want stock alerts on ThyssenKrupp? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report) were down 6.5% on Friday . The stock traded as low as $9.65 and last traded at $9.68. Approximately 10,681 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 106,249 shares. The stock had previously closed at $10.35.

Analyst Ratings Changes

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

Get Our Latest Analysis on TKAMY

ThyssenKrupp Trading Up 1.4%

The stock has a market capitalization of $6.46 billion, a P/E ratio of -7.30 and a beta of 1.26. The company has a current ratio of 1.76, a quick ratio of 1.10 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $11.33 and a 200 day moving average price of $9.99.

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

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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